SYT 0.00% 0.1¢ syntonic limited

Ann: Annual Report, page-31

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,038 Posts.
    lightbulb Created with Sketch. 454
    @Jimjamzzz

    I'm really surprised you didn't pick-up on note 3 to the accounts.

    Where "accounting, legal & other professional fees" rose from A$568,220 to A$1,064,388.

    That's an increase of close to A$500,000 or nearly double what it was the previous year.

    It's somewhat disappointing that Syntonic don't give us any explanation for that significant increase and thus no-one knows if it was made-up of one-off costs for setting up lots of these reseller agreement etc etc or something that's going to be there year after year.

    I mean it's effectively A$250,000 per quarter out of our total A$1.75M per quarter running costs.

    --------------------------------
    @upstreamgold

    Good post

    You forgot to point out that Vodacom are assuming the "hosting costs for the CSP" as well, thus our expense base should be lower while this licence is in place.

    It would have been nice to get an indicative start date for the rollout of the mobile advertising service.

    LOTM
 
watchlist Created with Sketch. Add SYT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.