IDP Cash3 Oct 2019 15:31
After reading a few 'negative' comments on IDP's cash generation it's worth noting that cash balance has increased 1.3M over the last 6 months (Jan - June), large amount due to the Boots initial order, however, working capital cycle days has increased (Debtors increased significantly). Expect cash to increase at a steady, substantial rate going forward (Obviously without taking into consideration large 'ramp up' marketing/new product campaigns). GLA