SP1 southern cross payments ltd

How do you reconcile that 75% of relevant period revenue was...

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    How do you reconcile that 75% of relevant period revenue was non-reccuring in nature, however at an analyst briefing the company said about 15% was non-recurring?

    How do you reconcile that 3m of revenue in the FY18 relevant period was for one off 3rd party service contracts, services that ISX did not even perform, that had at cost of revenue of 2.85m?

    How do you reconcile that after the relevant period revenue collapsed well below FY18 levels, and most relationships with the clients ISX used to reach revenue milestones provided no future benefit to shareholders? In fact, several clients were flagged and shut down by ASIC

    how do you reconcile that VISA cut ISX off for poor AML processes and felt posed an unacceptable risk to the VISA network, yet the company did not disclose this to shareholders, and did not provide those letters to the independent expert when it was reviewing ISX disclosures?
    Last edited by JoeGambler: 23/12/20
 
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