PWC aren't auditing the Revenue figures GSW are advising they are achieving in their quarterlies though are they!
I remain sceptical that GSW are earning as much revenue as they say they are in their 4c's. I'm not doubting the cash receipts figures though.
The Audited revenue figures are not even close to correlating with the unaudited revenue figures GSW are advising they are receiving in their 4c's.
The unaudited revenue figures are now close to being 2 quarters (half a year) in front of the cash flow received.
Cash receipts was lower for the June quarter than it was for the March quarter.
I have a feeling a lot of investors are simply looking at the unaudited revenue figures in the 4c's and nothing more.
Anyway, let's see what they put in their next set of audited reports due out in the near future.
Anyway, back in to my box.
GSW Price at posting:
39.5¢ Sentiment: None Disclosure: Not Held
