TSXV:PAR.H - Post by User
Post by
stockeditoron Mar 27, 2015 11:01am
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Post# 23568766
What we have here is a failure to communicate!!
What we have here is a failure to communicate!!
The trick here is to ask how much of the cash flow costs, will not reappear next year, certainly the rescission costs of $4.8 Million, and at least $1.5 Million of other costs (Paying off the Management Contract), for a total of $6.3 Million. If you add this to the current cash flow from operations of $1.161 Million, you get $7.461 Million, now if you redo all the calculations using these numbers you will get a pretty healthy picture for 2015. What management has done is to write properties down big time so that they can have a level playing field for the future. The units will be a buy, given this preliminary analysis, this is why among other reasons why Moray is buying, cash flow from operations will increase by at least 500%.