I have some questions since reflecting on the FY20 report.
Revenue FY19 84.2m, FY20 Rev 161m...increase 91%
Bad debts FY19 12.3m, FY20 30.5m.........increase 148%
Provision for bad debts
FY19 11.1m, FY20 25.8m.........increase 132%
Are we comfortable with;
1. Underestimating the growth in bad debts (provision) by 5m?
2. Bad debts growing more than 50% faster than revenue?
3. Expecting bad debts to grow to over $45m for FY21?
I am willing to invest more in Z1P but mmmmm...is this the elephant in the room but just a small one?
Bad Debts FY21...?
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