jammo wrote:Athi River Mining..Growth in Earnings but.....
Turnover up 19%
PBT up 14%
EPS up 19%
BUT.....
Net Workin capital down 74.41% compared to previous period.
-net cash from operating activities decreased by huge margin,compared to previous period..
-cash from finance activities increased huge on the other hand!
The company seems to be craving more cash than It's business can generate!!
Fact that company is takin up more debt..short term or otherwise ought to be a concern.
Long term debt comprise about 47% total equity....could say Company is 47% 'owned' bond holders than share holders?
Anyway..picking between growth in earnings vs shaky cash status..i choose follow the cash. Some restructurin is bound to come..jobs will be lost.
DISCLAIMER: This is the opinion of one Jammo,CFA,CPA,Opinionated and Loud,based in nairobi. Whilst care has been taken in compiling the data to be as most factual n logical,he doesn't accept any responsibility of accuracy or completeness of info contained herein..neither does he purport to be a genius!
This guy @jammo on the 1st post of this thread was spot on 8/9 years ago. Wow!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen