KavinduTM wrote:Unlike first 3 quarters in 2019 , in last quarter they performed so better.
They successfully made a net increase of cash and cash equivalents in this quarter.
It (Net Increase of cash & cash equivalents) was 231,969,000 and the balance for cash and cash equivalents at the beginning of the period was (2,975,977,000).
So cash and cash equivalents at the end of the period was around 2.7bn.
And we got this positive net Increase of cash & cash equivalents value after 2016 December quarter (Exactly after 3 years). But its still negative coz of some transaction they made start of the 2019 year. Maybe a loan idk. that is 2.9bn and coz of 2019 last quarter positive increase of cash, they reduced it to 2.7bn.
This is a real turning point for RCL. And i guess cash flow will be positive before 2021. They made 231mn cash last quarter in 2019 and 2020 1st quarter results will be much better.
Guys i believe this is the turning point for this share. That's why i'm gonna add this to my recommendations list.
And Technical charts prove that.