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Yup, I wondered who was going to deep die into the...

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Amused observer

12,193 Posts.

438

01/02/17

13:51

Post #: 22288052
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Originally posted by Grant62 ↑

No. It was changed to 16.5c in late December /early January. However, their forecasts are way off, as to revenue, cashflow and balance sheet components. Last I checked, they still hadn't updated for the CVN conversion of late last year.

My comments on the Q2 CFS will come later but comparing to YTF financial performance through to Oct16, the standout for me is the blowout in ADM costs (doubling in Nov and Dec alone and now being projected at $340K compared to the previous $170K mark) and the significant improvement in operating cash margins.

Sales for F17 now look likely in the $27 -- $29m mark but more on this later.

For now, many of AMUSED's comments are valid and appropriate. Comms, transparency, direction and control are all issues. The board is essentially internalised when they need at least two more. And less remote control from Brisbane.

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Yup, I wondered who was going to deep die into the administration costs, I did point it out but chose to leave it alone for now.

As for balance sheet stuff, including the conversion of Convertible Notes wouldn't get a mention in the cashflow statement but could / should have been mentioned in the commentary and it wasn't which combined with the commentary focus indicates Peter Skene is more COO than CEO (perhaps a good example of remote control from Brisbane).

AHF Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
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