Ha Ha! Yes well that DH NAB manager must have moved around - I’m...

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07/04/24

15:18

Post #: 73227346
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Originally posted by benson1610: ↑

Quiet day and nearly exercise time.
I was in manufacturing for approx 20 years a couple of decades ago.
Maybe about 10 years into that period I got a call from a new NAB DH manager requesting a CF projection.First and only time ever.
I was not going to pay my accountant to do a CF 'projection' for this DH so the secretary had to go learn how to do above.
Any non DH only had to look at my customer list ,payment records etc to understand sales ,receipts,stock turnover etc etc were never an issue.
So again imo only when looking at CF 'historic' must be taken into account plus held,repeat and 'potential' contracts to understand the co's CF.

Not that I hold a grudge as this was maybe 30 years ago ,i'll just mention I never wear suites to work,jeans fine.
I can't remember if it was the same DH manager but it was the same NAB branch that had a meeting with a well dressed guy ,brief case and all the required impressive CF projections etc etc etc.
The NAB branch was so impressed with his submission,clothes ,CF's etc he got his $12 m walked out and eventually disappeared which led to NAB recording an extra $12 m bad debt.
I believe there is some relevance in above relating to a quality co like bis especially historic,current/repeat business and new potential contracts and CF.

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Ha Ha! Yes well that DH NAB manager must have moved around - I’m sure he spent time in QLD also.
Simple facts are that if things pan out as we expect, our working capital requirements are going to leap massively, perhaps even requiring a cap raise to appease said bankers. I don’t think there will be any worries about getting the dough.
perhaps I am being paranoid, but I hope BSL or some other corporate raider don’t swoop before we extract some of the potential.
I am surprised BSL haven’t already cleaned us up because it’s a neat bolt on biz.

BIS Price at posting: $2.84 Sentiment: Buy Disclosure: Held
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