AB1 0.00% 18.0¢ abarta resources limited

I'd say that this requirement to continue 4C reporting is...

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    I'd say that this requirement to continue 4C reporting is because of really sloppy reporting last year. I voiced some concerns at the time in
    https://hotcopper.com.au/threads/ann-relief-from-quarterly-cash-flow-reporting.4669129/page-10?post_id=37723593 and
    https://hotcopper.com.au/threads/ann-relief-from-quarterly-cash-flow-reporting.4669129/page-13?post_id=37724493

    Also when you compared the June Q 4C YTD figures and added the September Q 4C quarterly figures they were way way out of whack with the September Q YTD figures.

    Jun QYTD
    Sept QShould beReported YTD in 4CVariance
    1Receipts35956965plus290898738936-937
    2R&D261542plus2857048288
    3Product8211167plus111322802748-468
    4Advertising5231111plus38014911599-100
    5Leased
    0plus0000
    6Staff12042149plus98431332459674
    7Admin5341290plus39716871839-152
    8Interest57plus1880
    9Net Cash257713plus7720-183-903

    So all those variances are just errors which were submitted to the ASX and signed off on. I would not be surprised if a new September 4C was lodged shortly.

    Further if the YTD Net Cash from operating is $-183k in September then there is no way you could get 4 consecutive cash flow statements by December. So the relief from cash flow reporting based on that aspect should be withdrawn, and has.

    Personally I am excited to get 4C's again, I think it will be great to see the progress. I don't mind saying I am a bit skeptical about some of the brands and partners we have, its a great opportunity to see if they are making money.
 
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