Unaudited interim consolidated statement of cash flows
Cash flows from operating activities (46 183)
Cash generated from operations (36 633)
Cash flows – continuing operations (52 111)
Net movement on cash and cash equivalents
Cash and cash equivalents at the beginning of the period (74 799)
Cash and cash equivalents at the end of the period (129 497)
For a business to still be in business you have to generate free cash flow. Look at the above (taken from https://elliesholdin...31-Oct-2018.pdf )
Simple they don't make a profit.
Yeah sure I would love to see them turn a corner.
& they are running an overdraft of R152mil
The R378mil positive balance....? I'm no accountant but I know why they trading @ 11c with a TNAV sitting in the 50c park...Set top boxes that are booked as inventory that can be sold but to who & when....? So yeah when that happens this will rocket....But what happens if they remain in the warehouse for another 5yrs...?
Pure gamble here IMO
Reason....Circumstances beyond their control which could easily sink this company.
Risk reward in the 10-13c is worth a shot just not your kids school fund or your access bond...