Looking at this company for first time ever today.
At first blush - very strong cash flow and good business model - take full money for service booking from customer up front then sit on it as long as they can before paying for the service... pocket a reasonable margin, repeat!
Things I like best about it (based on my reading of 08 report)
- no real inventory to speak of.
- very strong cash flow
- low debt - 160m total
- net current assets is almost positive (that surely means safety!)
- ROE is good
What I didnt like:
- 100m owed current - mind you they have plenty of cash
- ROA / ROTA is ordinary
So... Ive seen enough to delve deeper - now Im off to read news since last report was released.
potential good buy, page-11
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Last
$17.02 |
Change
-0.040(0.23%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.06 | $17.12 | $16.98 | $4.236M | 248.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 921 | $17.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.02 | 405 | 7 |
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| FLT (ASX) Chart |
