Totally unqualified opinion:
CSV is terminal.
Operating cash flow has been negative for a few years.
F/Y 2016 - CR $39m
F/Y 2017 - Increased brrowings by $34.6m, $21m of which funded dividend and share buyback.
That was clever!
Now have issued profit warning for 2018. Profit warnings are seldom solitary events.
Dead man walking imo.
If you are a holder or considering an investment please do your own research, above is my thoughts only.
Totally unqualified opinion: CSV is terminal. Operating cash...
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