CFO upto FY 21 was in the negative due to high debtors ageing. Starting FY22 and including H1 of FY24, CFOs have turned positive and showing improving trend along with drastically reduced debtors ageing.
Now that the financial year is effectively over, the Q4 financials will be a deciding factor.
Zenith was allocated warrants in 2022 and shares allocation prior to ED action was the legal norm. The timing of the events seems unfortunate.
Weakness in a rising market only raises questions of any possible surprises to retail investors.
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