yes - the cash receipts were a bit lower than expected (after...

yes - the cash receipts were a bit lower than expected (after such a good previous quarter), and the total outgoings were higher than expected.

Resulting in a nett outgoings figure significantly higher than I expected.

Having said that, there does appear to have been a number of delays to important contracts (if we take WHK's / Terry's word at face value), and there is definitely also a number of new contract opportunities mentioned in this report.

We haven't received a stand alone new contract win for well over 6 months now - and given the details in this report, my money in on us receiving at least one in this current quarter.

Be interesting to see how the market reacts on Monday - as WHK's market cap is now only $48m, it is directly involved in a rapidly growing & badly needed area for all businesses / government right around the world, and 1 or 2 decent contracts make a massive difference to the bottom line here.

Have a great weekend everyone