4th quarter cashflows out today. It is not as strong as it should be.
The prospectus cashflow forecasts are on pg.73
http://stocknessmonster.com/news-ite...E=ASX&N=829761
Compare this to today's announcement
https://www.nzx.com/files/attachments/234476.pdf
Receipts from Customers: Actual $137200 vs IPO Forecast $137489
- On the face of it, this is pretty much in line. But when you consider the forecast did not include the 15 ECE's purchased during the year, it is a major miss.
Net cash flows from operating activities: Actual $17660 vs IPO Forecast $23095
- A big miss here. There were some acquisition and integration costs of around 2000, but there is still a major shortfall. Interesting that actual tax paid was less than forecast. This implies less profit.
Full year profit next month. Will they miss forecasts?