Headline cashflow quite good (+$2.3m for the Q), but not too sure exactly how much impact that will have on next Q. From the report "The result included funds from sale of the Group’s large scale renewable energy certificates (LGCs) holdings (at a net gain of $700,000) and the early receipt of customer payments in the December quarter - that were due in January 2016. Further, prudent cash management and the signing of new customers via acquisition channels where the cost of acquisition is payable over the period of customers’ contracts (rather than on transfer) helped reduced outgoings during the quarter"
This looks like it could all be good management, but doesn't discount that asset has been sold and some cash has been brought forward.
Also note Market Cap = 983,608,252 x 0.025 = $24.6m (rather than the $9m showing on HC). $3m cash
GOE Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
