SRF 0.00% 0.0¢ surfstitch group limited

Mickee not sure what you're ranting about? Payables are $37m...

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  1. 950 Posts.
    Mickee not sure what you're ranting about?

    Payables are $37m

    Receivables are $9m and Inventories are $27m. If inventories were complete rubbish they would have already written them down somewhat? Am I missing something?

    On top of that there is a further $33m in cash.

    I mean it's a reasonable balance sheet, revenue is still coming in decently, all they really need to do is tighten the belt and focus on selling more profitable items. I know I'm making it sound easy, but at $50m market cap, it's worth a punt. There's risk involved, but this result (which a lot of us agree is better than expected) is an indication that things are looking up.
 
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