Ann: Quarterly Activities Report, page-52

First 52 Last

Share
Profile

Follow
PetaPiper

97 Posts.

1

23/01/15

21:56

Post #: 14634072
Share

Originally posted by jbourk ↑

Thanks for that response VonTrader. I agree.

Also, if you look at the Quarterly Cash Flow issued by ITT, which later became 1PG (and was something of a catalyst for DeltaTrader's excitement way back when) then you see something interesting under the 'administrative costs' component, shortly before announcing the acquisition of 1 Page.

It states, 'Payments for Admin Costs (Current Quarter): 231K' and 'Payments for Admin Costs (Year to date): 472k'. So, effectively, in the quarter prior to the 1 Page acquisition, they spent nearly 3 times the cash on admin than they did in each of the quarters leading up to that quarter...to lay this out clearly:

472k (12 months) minus 231k (most recent quarter) = 241k (9 months prior to current quarter) = 80k approx per quarter.

Why the massive spike in admin costs??? We all know why in hindsight.

There is one major difference between ITT and DUO, and that is that ITT had a decent chunk of cash in their final quarterly before acquisition: $665k

There's probably a lot more similarities/differences between the two shells, but I think seeing this on ITT quarterly has assuaged some of my concerns about the high admin costs in this DUO quarterly.

Have a nice weekend all.

Expand

Not hard to raise cash with the right story. It can even be done post acquisition announcement. Green light to go from here, hopefully.

DUO Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

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

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

What each US election outcome would mean for Australian companies & investors

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

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

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

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

MIN

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