Cash Flow5 Sep 2014 15:02
Hi Guys,
No positions in ALY (unfortunately) I put a buy order out on Wednesday but it never got filled at 25.25p per share, I was primarily buying for the dividend and didn't expect significant sp movement - Fair to say I'm slightly gutted now but pleased that I called it right (Admittedly, I had no idea the interim was due out today and was expecting nearer the end of the month like last years).
Had a quick skim through the accounts and there is one thing I cannot get my head round, which is cash flow being (£1M) for the period - I cannot see any major items of expenditure in their and confusingly it seems to just be dealt with by the increase/decrease in receivables (£20M) - I haven't read the accounts in detail and I am by no means an experts- so I'm happy to be set right by someone more learned but my general view of the accounts is that P&L looks great but the underlying Balance Sheet suggests that there are some problems there.