oops sorry i meant moonlighting

First 28 Last

Share
Profile

Follow
phantomyarn

421 Posts.

01/03/17

11:20

Post #: 23003684
Share

Originally posted by growler1969 ↑

A few things spring to my attention here:
1. WP revenue of $105k is less than Travel & Entertainment Expenses of $139k. Can we all get an invite to this party?
2. Norwood does not break down Cost of Sales and Sales & Marketing Expenses like they did in the Annual Report 2016. But hey, it has a positive margin right? How do I know this? They told me. So it must be true. Although less transparency on the figures. Draw your own conclusions on that. My conclusion, and imo: The magic of accounting.
3. Ariadne Capital [Amit Pau is a Director] was paid $91k for "marketing and strategic advice to the Company". This is in addition to Pau's Director/Chairmanship fees. Imo, the money put in Norwood pre/post listing by Ariadne, would be a fraction of the money they have pulled out.
4. Not only is Paul paid a decent salary, benefits and a % of WP income, it seems Norwood are loaning Ocean Broadband money [Paul is beneficiary]. "The loan is non-interest bearing and has no set date of repayment." Who'd have thought Norwood was a cash cow?
5. How has Norwood preserved cash? In part, they simply are very late at paying. DPO is 500+ days! This is about a 50% increase on the same period the year before. To give perspective to those without a finance background. If you were to be a supplier to Norwood, it would take you about 1.5 years to get paid, on average, after putting in your invoice.

All the above are absolute shockers, imo.

If there are any miscalculations, then please let me know.

Expand

oops sorry i meant moonlighting

NOR Price at posting: 2.5¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

There are more pages in this discussion • 65 more messages in this thread...

First 28 Last

Add NOR (ASX) to my watchlist

(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $18.10M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	100000	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	126001	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.031
1	13400	0.030
1	96000	0.028
1	180000	0.027
1	148560	0.026

Price($)	Vol.	No.
0.039	126001	1
0.040	123849	1
0.041	537001	1
0.042	23833	1
0.044	34501	1

Last trade - 16.12pm 04/11/2024 (20 minute delay)

NOR (ASX) Chart

Day chart unavailable

oops sorry i meant moonlighting

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

oops sorry i meant moonlighting

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News