Good news from Ilford

Discussion in 'Black and White' started by jack paradise, Mar 26, 2005.

  1. Good news, but ancient.

    Problem is, they are leasing back all their plant, property and equipment. That kills cash flow becasue the depreciation isn't added back and the lease has little residual book value because not that many folks want those wares these days.

    This saga isn't over, but at least they're around to write another chapter for the moment.

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