Australia's largest stock trading and investment forum Australia's #1 stock forum

BUD

Click for more information

0.00%

0.6¢ buddy technologies ltd

Ann: Reinstatement to Official Quotation, page-64

First 64 Last

Share
Profile

Follow
Milo7

783 Posts.

3

13/04/18

17:58

Post #: 32445739
Share

Originally posted by goldbear77 ↑

welcome Milo7

its pretty obvious most people dont understand the billing cycle lag.

+ then you dont see it in a 4C for up to another ~4 months.

eg. If Digicel pays a lump sum of prior period income to BUD 1 April it wont show until the 30 July 4C.

overall it will avg about ~6-7 months from an initial installation to the 1st month's revenue showing in a 4C

thats why DM was always banging the table on how BUD would recognise every cost as soon as its incurred - but only recognise income when it was in the bank - which is going to make it look like costs are high and income low during first 12-18 months

not that i see that as anything other than common sense - assuming sales of a new product would be absurd.

But nonetheless companies are allowed to use accounting treatments that match unit costs with assumed sales or recognise the income earlier than cash in the bank (ie for eg at start of a billing month)

Expand

You hit the nail on the head with that one, i think its the Main cause of confusion and it took me a while to understand that too.

BUD Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

First 64 Last

Add BUD (ASX) to my watchlist

SPONSORED BY