Capital Position of Enghouse.....NiceAn increase of 11m in cash on hand is very nice, but in fact if you add the capital that was spent on purchases of $13.4 million we get a total of almost 25m. Axquisitions in this Q3 has been minor with only Bassat. I expect the cash position will grow significantly this quarter. Things are looking good. Like this company, have established a decent position and am here for the long run.
Below extrated from Q2 earnings report.
Muff
Enghouse closed the quarter with $101.0 million in cash, cash equivalents and short-term investments, compared to $90.3 million at October 31, 2013. This is after net cash paid of $8.2 million for the acquisition of IT Sonix AG, completed March 3, 2014, $1.8 million for Information Access Technology Inc., acquired November 4, 2013, final payments of $3.4 million made on previous acquisitions and dividends of $4.2 million paid year to date. The Company continues to have no long-term debt.
Read more at https://www.stockhouse.com/news/press-releases/2014/06/10/enghouse-releases-second-quarter-results#Ed3FSqBoEgjCic3s.99