Short Term Trading Week Starting: 17 Oct, page-176

Hi @syzygy

The FY16 report clearly shows Net Debt as at 30^th June 2016 as $25.6Million. Revenue was $160Million with a Positive Cash Flow of $11.6Million and Undrawn bank facilities and cash of $14Million.

However perhaps I missed something which is entirely possible as sometimes I am writing my comp entries whilst burning a candlelight?

FY16report can be accessed here: http://hotcopper.com.au/threads/ann...epd-ax.2948690/?post_id=19686353#.WAIfv-h96Uk

The following article was published a few days ago entitled “Empired: a turnaround story at a cheap price” Published Oct 14^th and written by Trevor Hoey. It is a fairly balanced article, and there is some comprehensive commentary within it from Chris Savage from Bell Potter. Well worth a read imo http://finfeed.com/technology/empired-turnaround-story-cheap-price/20161014/
”There is already enough information out there for Savage to make a call on the stock as he has just increased his 12 month price target from 55 cents to 65 cents and upgraded his recommendation from hold to buy.
Potential corporate activity
As well as having confidence in a turnaround, Savage highlighted that there is the prospect of corporate activity. He referred to recent transactions including the acquisitions of Oakton by Dimension Data, UXC by CSC and Telstra’s purchase of Readify. He also noted the recent $1.63 per share bid for ASG Group (ASX: ASZ) by Nomura Research Institute.”

Cheers GF
Please DYOR as this is not a buy or sell recommendation