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$1.07 southern cross payments ltd

Ann: Appendix 4C - quarterly, page-58

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Green Hornet

8,202 Posts.

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31/07/18

19:50

Post #: 34655858
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Originally posted by jlo2012 ↑

Well, I was ready for the gross margin to be minimal for the revenue generated from the merchants in Europe affected by the technical issue, but there appears to be a significant lag between revenue and cash receipts for the quarter.

Revenue for quarter - $3.95m

Cash receipts - $2.66m

Some of that revenue may be R&D - will interesting to see how much.

Even with some R&D factored in I would think we are still looking at a lag of $1 million between revenue and actual cash receipts. Makes me wonder if a proportion of revenue was brought forward before 30 June? You would expect then for those receipts to flow this quarter.

Until now, looking at previous 4Cs, there had been minimal lag between revenue and cash receipts.

I jumped out at 22c this morning when I saw the cash burn. Much greater than I had expected.

I'm going to sit on the sideline for a while and see how things play out over the next little white.

GLTAH.

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All financials will be audited by an independent body.
No funny business.
Waste of time being here as Saurus says.
Will enjoy watching all the negativity until JK serves it up to those doubting.
Time will tell but I think I will back JK and the team before anyone here.

ISX Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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