ManlyBacker said:
If they are smart Ryan then I don't know what a poor history would look like:
http://www.theaustralian.com.au/business/companies/quantum-energy-teeters-as-losses-mount-to-525m/story-fn91v9q3-1226310725506
Means nothing mate. Absolutely nothing. Taking one figure from a P&L and/or Balance Sheet, and you can make anything terrible. Profits can be whatever number they want it to be.
It's cash that runs a company. Net Cash after the Operations of the business.
Remember, profit is derived from both tangible, and intangible numbers (depreciation) etc.
I don't know the finer points of the business, but from what I viewed, cash is being driven into debt retirement, R&D and other things that long term makes a business viable.
I'm not their financial controller, but things aren't really that bleak from the trends I saw.
Also, that article reeks of hysteria. Manly are on the verge of collapse? Oh, really? The "struggling" Sea Eagles? How so? Hasn't Perry turned the P&L around? This aticle was only a few months ago.