SEQ 0.00% 34.0¢ sequoia financial group ltd

Surprised by the FY17Q2 cash receipts and wonder whether this...

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  1. 208 Posts.
    Surprised by the FY17Q2 cash receipts and wonder whether this was due to collections for a stellar FY17Q1. In any case, consecutive quarters of positive cashflow show we're heading in the right direction financially.

    The improved financing arrangement represents a nod of approval from bankers, which is a plus.

    "This stronger result is anticipated to continue into Q2FY17" from their 30 September 2016 commentary has occurred, which is also a plus. "As a result the outlook for growth in the year ahead remains very positive" from their 31 December 2016 commentary is something to come back to at the subsequent quarters.
    $000 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16
    1 Receipts 6,556 5,076 7,169 6,053 9,562 9,674
    2 NOCF (184) (503) 1,908 (1,289) 527 586
    Would prefer the interest to drop of a little, so I can fill the gap. But maybe the cat is out of the bag already.
 
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