Ann: Appendix 4C - quarterly, page-20

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JG22

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31/10/19

21:02

Post #: 41184323
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Originally posted by Brett M H: ↑

Really solid 4C - the cash receipts were slightly lower than I expected ($1,478K versus my estimate of $1,600K), but the expenses were way down on my estimates ($2,388K versus estimate of $3,400K).

The last 4 x cash outgoings (total expenses) on the 4C's have been approximately:

31/12/18 $4,056k
31/3/19 $3,635k
30/6/19 $3,555K
30/9/19 $2,388k

There was a huge decrease in cash outgoings in the last quarter - so they are obviously "tightening their belts" due to the delay in the approvals.

Cash burn of less than $1.0m this quarter (when it has always been from $2.2m to $2.7m) - reducing the nett cash outgoings will help a lot going forward.

@ JG22 - surely you jest about complaining to the ASX? The 4C was on time!!, and I am sure we will get an update on the US & UK markets at some point.

IMO GMV management really need some "clean air" now to finalise some deals, and make sure we get the approvals required ASAP.

Am quietly confident that the market will like this 4C.

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@Brett M H, yes I was joking about complaining to the ASX. If there is no material announcement and just BAU, that is fine by me. I don’t want them to waste time on complaints, they have a more important job to do. Just disappointed there were no comments on the UK and US side.
On a side note, I like thIs 4C, better cash in and less cash out. Compared to previous 4Cs, this 4C looks better.

GMV Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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Ann: Appendix 4C - quarterly, page-20

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