SPX 16.7% 0.7¢ spenda limited

It's just the beginning for Spenda!, page-93

  1. 1,332 Posts.
    lightbulb Created with Sketch. 331
    Wow! Your maths is as poor as Fiendish's.
    My figure of 20.7% isn't rubbish - it was straight from the horses (goats?) mouth:
    AF: "About our 9-quarter average we grew at last quarter..."
    Go back through the 4C's and calculate it yourself... that's all I did. It equates to 20.7%.

    Now, regarding the $76K cash receipts from Invigo, that were excluded from the Sep 21 quarterly, and instead carried over to the Dec 21 quarterly.
    In that case, you calculation should be:

    $472,000 (Sept 1/4 + Invigo receipts prior to acquisition close) x 1.142 = $539,000 (Dec 1/4 - Invigo receipts)
    = 14.2% increase in receipts 1/4 on 1/4

    14.2%

    Oh dear.... looks like you should have taken my 20.7% and gulped.
    Looks like poor old AF has polished the real figure and just called it "on par". No wonder he shrugged.
    Every time one delves deeper into the company, they find more polished turds.


 
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