just watched the buy hold sell (https://www.livewiremarkets.com/contributors/buy-hold-sell smok'n small caps) where a panellist suggested the BVS result was poor quality - lumpy earnings, poor cash flows and needed to move to a recurring revenue stream model.
I accept the poor cash flows in the period - big increase in trade receivables - but I understood the revenues were mostly recurring. Eg, this is what slide 13 of the August 2017 presentation says re: Sonata. ie, 129.8m of recurring revenues, $15m of licence revs, out of a total of $191.9m. The comment on that slide also says: "Products are typically provided on long-term contracts of five to 10 years’ duration, which provides a recurring base of revenue from existing clients and a high degree of certainty around future cash flow".
Am I missing something (and need to dig deeper) or just another rent-a-quote fund manager with partial info.?
Ann: Ceasing to be a substantial holder, page-9
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Last
$1.35 |
Change
-0.010(0.74%) |
Mkt cap ! $605.2M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.38 | $1.32 | $311.8K | 232.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1576 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 837 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BVS (ASX) Chart |