SP1 0.00% $1.07 southern cross payments ltd

OK, I should have said "40% more" - the company issued 40% more...

  1. 1,610 Posts.
    lightbulb Created with Sketch. 409
    OK, I should have said "40% more" - the company issued 40% more shares as the performance shares.

    From the company's own announcements, unaudited revenue for the first half of calendar 2018 was in excess of $5.5M, while full year revenue (calendar = financial) was barely $6M - they booked half a million in revenue in the second half. That suggests "non-recurring" revenue in the first half was closer to 90%.

    No point in going over this now, though - I'm sure the holders have hammered similar points out in these forums. Though I can't quite find the relevant threads...
 
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