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10-01-2020, 09:21 AM
i tabulated some numbers when the interim report came out, as i was looking to bottom fish this. but the numbers were worse than i hoped and things didnt seem to be turning around. i recall thinking the mgmt comments as quite pessimistic i.e. below the cautiously optimistic level, more like hopefully optimistic.
i rmbr also being puzzled abt the final cash figure stated in the CF statement and that in the BS not matching. saw that in the latest AR. there was some explanation in the notes that the cash is not exactly current cash, or locked up in RMB and not easily convertible. something like that.
on the pluses, essentially debt free, good div payemnts over the years, stable share base, maybe will return cash to investors. on the minuses, div may not be sustainable if CFFO doesnt turn around, maybe co will cont to hoard cash.
i rmbr also being puzzled abt the final cash figure stated in the CF statement and that in the BS not matching. saw that in the latest AR. there was some explanation in the notes that the cash is not exactly current cash, or locked up in RMB and not easily convertible. something like that.
on the pluses, essentially debt free, good div payemnts over the years, stable share base, maybe will return cash to investors. on the minuses, div may not be sustainable if CFFO doesnt turn around, maybe co will cont to hoard cash.