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Ann: Reinstatement to Official Quotation, page-63

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Send2deking

2,431 Posts.

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13/04/18

17:51

Post #: 32445628
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Originally posted by goldbear77 ↑

welcome Milo7

its pretty obvious most people dont understand the billing cycle lag.

+ then you dont see it in a 4C for up to another ~4 months.

eg. If Digicel pays a lump sum of prior period income to BUD 1 April it wont show until the 30 July 4C.

overall it will avg about ~6-7 months from an initial installation to the 1st month's revenue showing in a 4C

thats why DM was always banging the table on how BUD would recognise every cost as soon as its incurred - but only recognise income when it was in the bank - which is going to make it look like costs are high and income low during first 12-18 months

not that i see that as anything other than common sense - assuming sales of a new product would be absurd.

But nonetheless companies are allowed to use accounting treatments that match unit costs with assumed sales or recognise the income earlier than cash in the bank (ie for eg at start of a billing month)

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@MickySea you lost some respect earlier this week trying to be moan bud not having yet replied to the ASX and I shut you down.

Your comments appear somewhat unaligned to the knowledge you have provided over the past few months.

It appears your wrong and your credibility is shot

If you don’t hold and your sentiment is sell, what on earth are you doing here on a Friday night?!?!?!?!

BUD Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
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Ann: Reinstatement to Official Quotation, page-63

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