As long as they don't pay back the Aussie subsidies it will be sweet as
Probably paying rent now as well after having a holiday or two
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i think its outragous that hallensteins paid a dividend and took the wage subsidy at the same time. they should be boycotted for not paying it back
I'll take that bet if nowhere near is defined as being outside a range of $40 - $60m. Put a beer on it. I think their financial position will remain extremely robust.
Fact is we know that the ~ $50m on hand at balance date included the interim dividend which had been held back ($9m) so adjusted for that it was $41m.
Supplier payment terms change is likely to be enduring so I will assume no change there at the half year point, no capex, so there's say $5m saved in a so called "normal" half year and the 24 cent divvy to be paid in December is highly likely to be less than the earnings in this six months so all up I think the cash on hand at the half year point will be quite similar to the extremely robust cash position they were in at balance date which represented cash on hand of 83 cps.
(N.B. Depreciation was $8.4m per annum in 2019 before the accounting change came in).