wwwu, you asked for comments on the expected result in February. I revisited my cash flow spreadsheet, and following are my estimates for the first half FY20 (AU$), hopefully conservative:
- ANZ receipts from customers of $32.5M, which is 2% below the previous half, but 17.8% above PCP.
- NA receipts from customers of $20M, which is 19.8% above the previous half, but 113% above PCP.
I expect cash flow in ANZ to increase 21.7% PCP, due to costs increasing slower than receipts. NA is likely to still have a negative cash flow, but reduced to around -$6M (this is much more uncertain, as NA costs are ramping up rapidly to capture faster growth) from -$10.3M PCP. I expect this will be around break even in H1 FY21.
I also expect Group ACV to be around $103M at end December 2019, an increase of 32% over 12 months.
Any other thoughts or predictions?
Bear in mind these are only my estimates based on past trends, so please DYOR before making investment decisions.