just watched the buy hold sell (https://www.livewiremarkets.com/contributors/buy-hold-sell smok'n small caps) where a panellist suggested the BVS result was poor quality - lumpy earnings, poor cash flows and needed to move to a recurring revenue stream model.
I accept the poor cash flows in the period - big increase in trade receivables - but I understood the revenues were mostly recurring. Eg, this is what slide 13 of the August 2017 presentation says re: Sonata. ie, 129.8m of recurring revenues, $15m of licence revs, out of a total of $191.9m. The comment on that slide also says: "Products are typically provided on long-term contracts of five to 10 years’ duration, which provides a recurring base of revenue from existing clients and a high degree of certainty around future cash flow".
Am I missing something (and need to dig deeper) or just another rent-a-quote fund manager with partial info.?
just watched the buy hold sell...
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Last
$1.08 |
Change
0.010(0.93%) |
Mkt cap ! $484.2M | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.10 | $1.07 | $310.8K | 287.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4086 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 1226 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BVS (ASX) Chart |