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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United Watch Here
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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United
UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme
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Management Res Share Chat (MRS)
| Share Price: 4.65 | Bid: 4.60 | Ask: 4.70 | Change: 0.00 (0.00%) |  | ||||||
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RE: $5.4m net profit
7 Dec '18
Ah bless Leon, you've always got to throw in some childish jibe at the end haven't you, that normally shows limited IQ / intelligence ?
cash vers asset ?
Either way as others have also noted the refinancing needs to be dealt with quickly for the outlook to improve, disappointed thats not got any coverage in the outlook, whats your view on that ?
Now no matter what you type on here the markets clearly aren't buying it as you'd have hoped for / pumped in the various twitter groups you've been pushing into the last few weeks so your frustrations are building.
cash vers asset ?
Either way as others have also noted the refinancing needs to be dealt with quickly for the outlook to improve, disappointed thats not got any coverage in the outlook, whats your view on that ?
Now no matter what you type on here the markets clearly aren't buying it as you'd have hoped for / pumped in the various twitter groups you've been pushing into the last few weeks so your frustrations are building.
RE: $5.4m net profit
7 Dec '18
Warran****cher clearly can’t read a balance sheet. Cash position is actually higher as 2.5 million was used to purchase plant machinery. Go back to school
RE: $5.4m net profit
7 Dec '18
They did buy the shed and equipment with new debt, but they have to keep investing in plant to grow and satisfy their client's workload and the shed purchase is an asset and also a reduction in ongoing costs.
"During FY18, the Group invested $13.7m in Property, Plant & Equipment, with a further $2.0m in Capital Work In Progress. The majority of the capital expenditure (CAPEX) has been funded through free cash flow, new debt contributed $5.0m, with $2.0m equipment finance and $3.0m property finance"
"During FY18, the Group invested $13.7m in Property, Plant & Equipment, with a further $2.0m in Capital Work In Progress. The majority of the capital expenditure (CAPEX) has been funded through free cash flow, new debt contributed $5.0m, with $2.0m equipment finance and $3.0m property finance"
RE: $5.4m net profit
7 Dec '18
agree, getting the debt refinanced is critical, cash at start of the year £2m, ended with 50k !!!
While the headlines look decent the debt increased by more than the profits generated ?
While the headlines look decent the debt increased by more than the profits generated ?
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