GREY:LGLTF - Post by User
Post by
Alex1726on Feb 18, 2015 9:36pm
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Post# 23441961
POOR MANGEMENT
POOR MANGEMENTI suggest that we ask them why this issue now, why was it so urgent to spin off this company when you only have about 142 rooms to acommodate students , why do you need $7m when you're suppose to have $9M cash avalaible.
What that means: Loyalist Group will use the proceeds for general working capital purposes and the funding of potential acquisitions. Do they not generate cash flow enough for the general working capital?
What should we think about the management when we read this:
Based on its net profit margin of 5.79%, Loyalist Group Ltd is less effective than other companies in its industry at turning revenues into bottom line profit