Reported earnings are clearly terrible, but how about Cash Flows? As at Dec15, HIL's had Net Cash of +$1.7m. As of todays announcment HIL's now has Net Debt of $25m. $5m can be explained by payment of interim dividend (2.1cps). They also purchased Holliers, but no purchase price disclosed, so can assume it is probably a couple of million. And no cash has been spent on the buyback during the last four months. So it implies FCF for the 2H15 is a disastrous -$20m. Wow. Any thoughts on this issue?
CEO and Board must go, page-5
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
