Ann: Swift appoints new Chief Financial Officer, page-76

@ stillade - g'day again!!

Given that SW1's last quarter (Jan - March 2020) cash receipts was $5.87m, and they have averaged $6.62m per quarter for the first 9 months of this financial year, it is interesting that you have estimated SW1 cash receipts for April to June at just $4.0m.

Or was that a typo?

I had calculated these estimates for the quarter coming up - given that COVID may have impacted on revenue a bit:

Cash Receipts: $5.3m (down $570k on the previous quarter & down $1.32m on quarterly average for last 9 month period)

Cash Outgoings: $4.65m (down $1,400k on previous quarter as they mentioned ripping $8.0m pa in costs savings out of the business - but the full effect of this may take a little while to flow through)

So I had SW1 as cash flow positive to the tune of around $650,000 for the quarter?

Obviously a fair bit of guessing involved, but they should definitely be CFP this quarter.