It's pretty simple to look at operating cash flows, investing...

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ace_beef

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05/05/20

21:15

Post #: 44451121
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Originally posted by Recond27: ↑

When a 33% reduction to receipts was announced, no one in these forums seemed to bat an eyelid. The fact that nearly two thirds of revenue are from online gaming/gambling makes this loss even more concerning, as the effects of COVID-19 on such industries should not be so crippling. The question I have now is: what is the breakdown of revenue by source prior to this quarter? I believe that ISX have done very little to explain this massive hit to operations, and the fact that they are now failing to explain how COVID has affected specific revenue streams and the relation of revenue allocation to the receipts drop. Were other industries (eg. travel) greater contributors previously? The given numbers do not make coronavirus an acceptable reason for such a serious change in earnings.

Another point of concern is that "operating cash flows" is continually referred to and made a focus (in both this and the previous financial report). This seems like a red herring to me as cash in hand has dropped. I'm sure that even those who don't bother with accounting can agree that positive cash flows and cash burn do not exactly correlate. If the explanation for this can be found in assets, credit from clients, or investment then ISX should do a better job of explaining this rather than simply saying "operating cash flows are positive". I would have spent time piecing together the financials, but as I will almost certainly liquidate my position upon reinstatement I see no point.

To holders: if you still want to worry about the potential wrongdoings of ASX or OM, or the irelevancy of revenue from years ago, at least spare some thought to how little ISX have done to keep us informed. Ask yourself if you've ever truly understood ISX's role in the suspension, and whether they have done anything at any point to inform you. Perhaps if ISX had bothered to provide information more clearly in relation to my above points, I wouldn't feel the need to reflect so poorly on the company.
All of the above my opinion.

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It's pretty simple to look at operating cash flows, investing cashflows and financing cashflows in concert to understand the net cash position - they are after one another in the consolidated statement of cashflows after all..

I don't necessarily disagree with your other points or the focus on 'cash flow positive', but you hardly need to be an accountant to read a consolidated cash flow statement. There's no need to be disingenuous, ISX have enough legitimate issues to talk about without trying to make something out of nothing.

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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It's pretty simple to look at operating cash flows, investing...

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