Quarterly - expectations, page-34

morning happy,

whilst that is true - you have the risks at 7 days as well.

Our terms aren't unusual IMO from what I have heard from Nick.

In the end - what is the discussion always about? What do people want? Not take customers like TP because of payment terms - normal in this instance?

I would also think that the chances of people like TP, major airline contractors etc. are probably fairly low risk - no higher than others.


" (and if you sat in any boardroom in the world and suggested that the company doesn't need cash, regardless of how much is in the bank, you would be frog marched to the door, )"


Well, that is exactly what management is saying as far as capital raising are concerned - for the NY listing - that was one of the biggest problems -- we needed cash at the expense of dilution like a hole in the head ------------- again, 'cash is not a problem'.

Of course, again, it would be better to have your invoices paid in say 7 days - but, that isn't how business works. I believe some of us are trying to make a mountain out of a virtual molehill - even the molehill doesn't exist.

There is NO problem ----------- why create one?

This is why reading a 4C is fraught with danger unless one knows a lot more information ------- the half report will tell a far better story as how the business is going.

Sure it will be nice to see rising trends - but, no matter what the numbers, we should probably take them with a grain of salt.

The 4 C will reliably tell us how much cash we had at 31 Dec. -------- that is exactly what 4C's are for - now more, no less.

It's like any numbers - you can read anything into them ------------- how about I tell people this - and, yes, it will be fact

this 4C will show a dramatic drop in the rate of rise of revenue compared to last 4C!!!!!!!

Read it again!

Got it?

Sounds like bad news, doesn't it?

Well, it's fact - why? Because the last rise of revenue in the last 4C was 12,200%.

I can tell you - unless NC has donned a hood and mask and robbed the world bank - there is no way Jose that revenue is going to be up more than 12,200% in the coming report.

My guess is it will be up a couple of hundred percent - maybe less maybe more.

You can make figures look like anything.



have a great day all.