Replies to post #9484 on China Unlimited

[RealDutch]

CCCL. My hunch that the company can collect a lot of money in Q1 (ahead of the Chinese New Year) seems to be correct.

Take a look at this. How A/R progresses in Q1

 
 2016 - 1% 
 2015 -20% 
 2014 -21% 
 2013 -26% 
 2012 - 7% 
 2011 +20%

Very significant. Especially considering that A/R was up some 150% during the past 5 years. In 2011 they were ramping up fast (new factory) so that's why it was up 20%.

In Q1 2016 they were already having some problems collecting. And they had to repay a bank loan at the same time.

Now, the big question. How about 2017? If it is down by 10% then they should have $15M in cash or $5/share, soon. Hopefully -20%.