@ Supersonicbaron: Also not an expert but look at the SFP, an increase in the interest bearing borrowings of R2 000m. Investigation into the SCF reveals a negative cash flow from operations despite the profit shown in SPLOCI. To reverse the negative cash flow, TFG made borrowings of about R2 000m (also shown in SCF, in the cash from financing section.) This coupled with a rise in interest rates expected at the end of this year is enough to make investors fearful imo and that's why TFG is tanking. Nothing like a R2b+ interest bearing monster lurking to make you run for the hills. But yeah, no expert, just an opinion.
SFP: Statement of Financial Position
SPLOCI: Statement of Profit or Loss and Other Comprehensive Income.
SCF: Statement of Cash Flows
