OTCPK:ERILF - Post by User
Comment by
poneon May 21, 2015 4:44pm
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Post# 23751533
RE:RE:RE:RE:RE:RE:RE:RE:Free Cash Flow
RE:RE:RE:RE:RE:RE:RE:RE:Free Cash Flowkeepitrealhomie wrote: Would the increased back log have anything to do with it? Remember, their ability to scale up isnt massive. They are working on completeing a limited number of project at a time.
What specific activities are incurred in the construction receivables, and why do they think they cannot get prepayments to cover their expenses? We have no information in the disclosures, so how can we answer the question? People here are just guessing. Other construction companies do not see deterioration in free cash generation when they grow, so this is not something you can easily wave off.
How would backlog explain rapid and profound deterioration in their trade receivables?