In fairness to CTD, if you look at page 5 of the Directors Report, you will find a chart of operating cash conversion at half yearly reporting dates. This graph has values on both axes.
So I feel it is a bit rich of Joe Aston to draw a conclusion about CTD motives when he only had to look elsewhere in the 1H19 material to be reassured on the narrow point of misleading charts.
That is not to say he doesn't have a point about cash conversion. CTD will have to deliver by 30 June.
Having now read the helpful responses to my original post, and having since found several other reputable companies where there are wild swings in cash flow, Im am not selling.
In fairness to CTD, if you look at page 5 of the Directors...
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