Ebenyo wrote:The company is good at preserving cash.This is seen in the cash at the beginning of the period vs cash at the end of the period.
They managed to make a positive position from their operations but made negative from their investing activities.Net increase in cash and cash equivalent at negative 8,769,000 is not bad which is then positively balanced by a good cash reserve.
Going to the fy results in october,based on the hy results,i dont see a loss.Net increase in cash and cash equivalent will negatively increase but the cashflow will remain positive.
There's a good chance of a loss (or significantly reduced PAT) for FY 2016-17 due to the various challenges eg maize shortage, Nakumatt/Uchumi non-payments and write-offs at Ennsvalley.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett