Did anyone see this announcement by ASC. By my reckoning the Company is trading on 2x cash off growth of 45% per quarter. I feel I May be buying these.
Does anyone have any infomation?
Simon
ASC - ASX Company Announcement
$ret1 THIS IS A PRIORITY ITEM
30 April 2002
Part 1/1
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ADULTSHOP.COM LIMITED
---------------------
HOMEX - Perth
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A$5.8m net operating cash flow for ASC in 3rd Qtr.2001/2002
AdultShop.com Limited today released its cash flow statement for the
third quarter 2001/2002. The Company posted a positive net operating
cash flow of A$5.772 million.
MARCH 2002 DEC 2001 CHANGE
QUARTER QUARTER
A$ million A$ million A$ million
Receipts from 32.479 22.736 + 9.743
Customers
Net Operating Cash 5.772 4.905 + 0.867
Flow
Total Net Cash Flow 5.227 4.499 + 0.728
Cash at End of Quarter 11.888 6.661 + 5.227
ONGOING GROWTH AND STRONG PERFORMANCE
The increase in net operating cash inflow is a result of:
* the successful implementation of various growth opportunities in
the online entertainment business;
* a general improvement in business trading conditions across the
whole AdultShop.com group.
OUTLOOK
The third consecutive quarter of increasing positive operating cash
flows has reinforced the success of the sales initiatives applied in
the online entertainment division. The Directors of AdultShop.com
expect the strong positive cash flows generated by Today's Success to
continue in the coming quarters.
Malcolm Day, Chief Executive Officer of AdultShop.com Limited,
stated: "As planned, the increase in cash reserves will enable the
Company to allocate cash resources to internal growth opportunities,
particularly in the area of online entertainment, and review
potential acquisitions." He added: "The path to financial and
operating success has been clearly set out and management are highly
motivated to fully capitalise on the available opportunities."
For further details or comment, please contact:
Malcolm Day Released by:
CHIEF EXECUTIVE OFFICER Nancy Hackett
AdultShop.com Limited INVESTOR RELATIONS MANAGER
Phone: 61 8 9227 6777 Phone: 61 8 9227 6777
Email: Malcolmadultshop.com Email: Nancyhadultshop.com
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