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2.5¢ phoslock environmental technologies limited

Revenue is work done and billed for in the period. Cash may or...

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940 Posts.

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31/07/20

07:45

Post #: 46201649
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Originally posted by Scott th Ratbag: ↑

I get your points but disagree on rev. the receivables are the issue here... had these been paid revenue would be in line with growth trend. Sure you can't count receivables as cash in the bank but even at 10% loss it covers costs with a profit.

As for the pipeline of projects, they keep getting done. They have the stock, the means to employ and train local contractors for the applications. Testing would require a few technicians periodically. Its the engineering that has a lower margin but $50m in engineering projects too is a massive lift from last year.

You make a sound argument... I don't accept the negative interpretation.

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Revenue is work done and billed for in the period. Cash may or may not be received. ( I think you are referring to cash). In the last 6 months they have billed $1.2m for Phoslock sales and engineering work. A big piece of that is probably International (Kitsap, Hoptacong etc.). PET claim Beijing maintenance work has not been disrupted.

Some questions need answering.

BTW the serious floods in Kunming were on July 3 and the PET business update announcement a few days later mentioned that all Yunnan was proceeding.

Last edited by ValueSearch: 31/07/20

PET Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
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