DXN 17.6% 8.7¢ dxn limited

Excellent contract to get. This must be one of the contract that...

  1. 3,372 Posts.
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    Excellent contract to get.
    This must be one of the contract that was deferred.
    https://hotcopper.com.au/threads/ann-business-update.5461206/
    "(DXN or the Company) advises the market it expects contracted sales for its modules business for the year ended 30 June 2020 to be approx.
    $8 million, which is less than the $12 million that was previously announced to the market in February
    2020. The shortfall is as a result of prospective customers deferring decisions in relation to capital
    expenditure commitments due to the impact of Covid-19."


    Of course we found out here
    https://hotcopper.com.au/threads/ann-quarterly-activities-cashflow-report.5529530/
    that revenue for FY20 was 5.3 and not 8 million.
    The guidance in Feb 2020 said 12 million.
    So this 1.5 million brings us closer, but I am hoping for more contracts soon.

    Last edited by adent: 26/08/20
 
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