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lucky punter - Wed, 21 Dec 05 :

Factoring will not boost the SP but was necessary to implement the accounting changes otherwise the company would of ran out of cash and the internal book would be top heavy.
The impact of factoring will decline over the period but the more sales they have the more impact on cash or factoring. It is like your mobile company when they give you a "free" £200 mobile then charge you £30 a month. It takes 8 months to recover the outlay. The figures will balance out over the next year or two, cost of sales is a reality and this company is growing at an alarming rate-growing pains are to be expected.


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