It has been a perennial question regarding the collection of Cash v's ACV.
Frustrating as it is, the continual SP fluctuation as investors/shareholders flog the stock for the lack of cash collection has almost become a quarterly meme.
At the last AGM, (if memory serves me correctly) Ian said the company had around 100 business as customers.
To be truthful, that is not many clients and I would guess that a small number of these clients represent the majority of their stated ACV. It would not take much to affect cash collection if say 3 to 4 of them (for internal business reasons) where late in paying their invoices. There is at times a fine line to be played pushing for collection and pissing a customer off and losing them for good.
It took me a while, but I found the ASX price query back in Feb 21 where 3DP explained their calculation of ACV https://hotcopper.com.au/posts/50872889/single
For those new to 3DP it may be worth a read.
My reading of the tea leaves; 3DP needs a larger client base before payment cycles smooth out. At the moment, they are way to reliant on a few large customers paying their bills.
Yes, cash collection is a red flag and is worthy of watching but I still see no need for me to sell out as my original investment thesis stays intact.
- Forums
- ASX - By Stock
- 3DP
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-43
-
- There are more pages in this discussion • 121 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 3DP (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.0¢ |
Change
-0.001(1.64%) |
Mkt cap ! $24.15M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 3.0¢ | $6.211K | 207.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1796119 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 280737 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1771119 | 0.030 |
4 | 310000 | 0.029 |
4 | 800000 | 0.028 |
3 | 146850 | 0.027 |
1 | 1000000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 280737 | 2 |
0.032 | 146870 | 6 |
0.034 | 399000 | 2 |
0.035 | 414000 | 2 |
0.036 | 270273 | 8 |
Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
Featured News
3DP (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Chairman
Nick Poll
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online