Has P2P negotiated a payout/termination to their $17m digital taxi tops deal? Jun-19 qtr report estimated $3.3m in leased asset payments for Sep-19 qtr?
In fact why has P2P experienced significant changes to every cash flow metric from Jun-19 qtr to Sep-19 qtr?
- Receipts decreased from $19.8m to $17.1m (-13.6%)
- Product manufacturing and operating costs increased from $3.7m to $7m (+93%)
- R&D decreased from $0.2m to $0?
- As you noted leased asset payments decreased from $4.8m to $0? Change in classification to product manufacturing and operating costs?
- Staff costs decreased from $6.4m to $4.8m (-25%). Significant redundancies in Jun 19 qtr?
- Admin and corporate costs increased from $2m to $2.6m (+30%). Professional fees?
- Interest and finance costs paid decreased from $0.44m to $0.18m (-60%).
- Payments to acquire property, plant and equipment increased from $0.16m to $1.32m (+138%). Leased assets (taxi tops) bought?
- Repayment of borrowings decreased from $1.53m to $1.25m (-18%)
- Loan facility has decreased from $10m to $6.755m. Why? It is also fully drawn down.
Has P2P negotiated a payout/termination to their $17m digital...
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