Australia's largest stock trading and investment forum Australia's #1 stock forum

VOR

0.00%

39.5¢ vortiv limited

Ann: Appendix 4C and Quarterly Update, page-180

First 180 Last

Share
Profile

Follow
aventurine

929 Posts.

205

01/11/19

14:44

Post #: 41202509
Share

Originally posted by jonkey1995: ↑

So what did the numbers really say:

1. They missed the target (all be it due to late debtors)
2. Most of us knew there was a considerable amount of non-recurring annual software licences
3. Staff expenses were materially different with no explanation
4 The next quarter projection looked skinny ( with an explanation, but naturally people look at the headline)

Now that is what people saw. So, I reckon what happened was highly predictable.

Investors here have been patient. They wait every 3 months in the hope that management will tell them something. Some quarters we get told of R&D in testing, next quarter its not mentioned (did it fail, is it not marketable are natural conclusions). Decipher Works a year or so back were going to managed services and there was going to be a PAAS introduced. Is it still? Has any progress been made?

So I don't blame anyone for their reaction.It is a long time between drinks.

Now me, I understand what happens to cash flow at Christmas because it happens to me every year. I know about debtors and collections. When you look to grow you need to add staff and resources ahead of the curve. I know you cannot count on non-recurring revenue every year and our bankers definitely do not.

Therefore, in absence of explanation I try to find qualitative factors. Knowing C10 has been training staff in partner products, that work with Snowflake, to make cloud migration more seamless tells me they expect more of this type of work.

Numbers tell a story when they are explained. Not all people are accountants or business minded. Just saying we needed to add to the headcount due to an increase in projected work or our cash flow will be down because of Christmas, but our contracted sales are projected to be X adds value.

This tells a whole different story and explains the numbers. Numbers of them self are very blunt and open to different interpretations.

I am surprisingly more confident than ever, but fully understand where people are coming from. I stand by my criticism that management need to do more to fill the expectation gap, simply because it is their job in a public company to do so.

Cheers

Expand

Yes - take a bow Jonkey.

It looks like a few others are also running into good form ahead of Cup week.

VOR Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

ITM

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

M4M

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

ARU

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

DTM

Dart on-target for high-grade structures and multiple reefs at VIC's Rushworth

There are more pages in this discussion • 247 more messages in this thread...

First 180 Last

Add VOR (ASX) to my watchlist

Ann: Appendix 4C and Quarterly Update, page-180

Top Stories

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

Dart on-target for high-grade structures and multiple reefs at VIC's Rushworth

Featured News