How low will she go?, page-93

First 93 Last

Share
Profile

Follow
iron-fish

390 Posts.

16/08/16

21:00

Post #: 18533016
Share

Originally posted by asb83 ↑

Ouch - this isn't good. She is saying cash flow for the 2nd quarter (May-Jul) will be revenue from the 4th quarter (Nov-Jan), which was very minimal according to the FY report that was released in March. It showed revenue for the year ended 31 Jan 2016 was $412,629. So actual revenue for the 4th quarter is probably $100k max.

Those $4.2m in bookings in the 4th quarter won't have been converted into revenue until the last 2-3 months as revenue isn't recognised until after the client has used the platform for that particular month and cash is received 90 days afterwards, therefore cash won't be received in the 2nd quarter, although it will add to revenue in the 2nd quarter.

This is why she is saying the report at the end of this month which has cash receipts is "meaningless" and the HY report in September which has revenue figures will "have more meaning".

This will bounce in the Nov quarterly when cash flow shows a huge improvement. Need to ride out the storm in the meantime.

Expand

If what you said is correct, I won't buy back in until Nov. sp might stay at this level for a lengthy of time if not drop further.

1PG Price at posting: 28.0¢ Sentiment: Hold Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

SFX

Sheffield Resources spruiks 'pleasing' maiden MRE at South Atlantic Project

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Uranium ignites: Is this the start of a supercycle?

ASX Market Close: Middle East War rattles investors | June 23, 2025

Markets were expecting Trump to bomb Iran. It's just another new normal

First 93 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

How low will she go?, page-93

Top Stories

Sheffield Resources spruiks 'pleasing' maiden MRE at South Atlantic Project

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Uranium ignites: Is this the start of a supercycle?

ASX Market Close: Middle East War rattles investors | June 23, 2025

Markets were expecting Trump to bomb Iran. It's just another new normal

Featured News