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25.0¢ matrix composites & engineering limited

Ann: Company update and diversification strategy, page-17

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zaidi675

189 Posts.

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10/11/17

09:13

Post #: 28670592
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Originally posted by Jimmy_C ↑

Hi

Yes, the higher cash balance despite FY17 P&L loss is because the cash in respect of work that was done in prior periods (and therefore revenue was recognised in prior periods) was received in FY17. Company P&Ls often don't follow cash flow statements - revenues/expenses are often booked, a receivable/payable raised on the balance sheet, then there's a delay until the cash moves.

On FMG - it doesn't make metal (at least to the best of my knowledge), but rather it digs up iron ore which it mostly ships off to China (where a lot of the worlds's steel is made). FMG's fortunes are therefore mostly determined by the global price of iron ore, rather than any domestic issues.

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Thanks, Jimmy.
Sorry, I was confusing with BSL.

MCE Price at posting: 52.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 25.0¢		Change -0.010(3.85%)		Mkt cap ! $72.45M

Open	High	Low	Value	Volume
25.5¢	25.5¢	25.0¢	$26.89K	107.2K

Buyers (Bids)

No.	Vol.	Price($)
1	4000	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
27.0¢	75000	2

View Market Depth

No.	Vol.	Price($)
2	14995	0.290
1	8500	0.285
1	6500	0.280
1	15000	0.270
1	10000	0.265

Price($)	Vol.	No.
0.320	3031	1
0.340	3649	1
0.345	12762	1
0.350	98847	3
0.360	30000	1

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