RE: Credibility11 Aug 2022 17:22
Correct, Net debt will increase.
Bad debt provision is made up as a % of stock holdings, so it could essentially go 2 ways in my mind.
If they've overvalued the stock, then the bad debt provision will be decreased therefore releasing cost within the P&L thus making it more profit and vice versa, although it'd be strange for an auditor to say that's not the true value of stock (Speaking from personal experience)
I bought in at 7.5 - I think it's heavily oversold.