TRCS - 5 year analysis (Brief)12 Feb 2014 22:22
http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=vfTcHt1JID1nkHgGVORnjBofuWEpInxw&symbol=L%5ENAR
okay so using analysis from final results of last 5 years - the last three have seen the real growth in the company and ultimately reflected in the share price (end of 2009 and 2010 financial years the revenue and net profit stayed fairly level). However from 2011 to end of 2013 financial year the revenues have increased from 4.08M to 10.8M! and more importantly the net profit has increased 0.91 to over 2M.
for me, another thing huge positive the cash flow statements:
looking at cash flow statement end of July 2013 - they had sufficient cash flow to make acquisition of company (SkyHigh) into Australia. The year prior they made over2.5M cash before (free cash flow) and able to boost company cash position by 2.8M (from 4.7M to 7.56M)...Excellent cash generation by a small cap. If a company is able to make free cash flow - they are less likely to need dilution - the company has not had any significant fundraising since May 2011.
lastly the last final years balance sheet - current ratio (current assets/current liabilities) more than 2.7 (very good).
they have more receivables (in current assets) then payables (found in current liabilities) and hence a trade surplus, has good cash position (6.5M) and no debt! In fact they have more cash than entire liabilities put together!
all in all a quality company!
apologise for the late analysis - was busy watching a certain Stevie G and Co grab a late win!!!
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