AZG: In the foot notes to cashflows from operating activities 1.9(e)for the ($9.3M) it says its a "proceeds from disposal of other non-current assets" what ever that means? maybe its a right down or something. Then in the financing cashflows they paid off $7M of borrowings. FY10 till June had operating cashflows of $26.6M so I estimate the $25 from the nine months and added another $9M to take it to the end of this year, came up with an estimated run rate receipts from customers of $34M and came up with growth of 28% over last year and I figure they've paid off a large chunk of debt which is good for the balance sheet. so I think its going well I just find these quarterly cashflow statements difficult to read at the moment.
All my posts represent my personal views only.
AZG Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
