Cash flow of $350k is not profit of $350k – there are two different things.
Cash flow doesn’t take account of accrual accounting or non cash costs which are included in a company’s year end result.
So multiplying the 350k cash flow by 4 and thinking this is a forecast for the year end result is not correct – there will be other costs that will get included in the year end result (and the half year too).
I also recall in the webcast a couple of them made this mistake as well confusing the cash flow positive position with profit.
Also the 40% margin is a target and they are not there yet. For the first quarter they were at 23% (up from 18%). This 23% is also an average for the first 3 months of the financial year.
The next quarter the average is likely to improve and the subsequent quarters so that certainly later in the year for say a given month they may be at 40%. But ultimately the average for any quarter and the 2017/18 year will be weighed down by lower margins in the earlier months so they may only end up with an average margin around 30% for the entire year and not an overall average of 40%.
- Forums
- ASX - By Stock
- AJX
- Is the honeymoon over?
Is the honeymoon over?, page-10
-
- There are more pages in this discussion • 242 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJX (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.62M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $1.54K | 154.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1253814 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 115736 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1253814 | 0.010 |
2 | 700000 | 0.009 |
3 | 516044 | 0.008 |
1 | 200000 | 0.007 |
2 | 378000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 115736 | 2 |
0.012 | 475413 | 2 |
0.013 | 240900 | 2 |
0.014 | 134311 | 1 |
0.015 | 1200 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
AJX (ASX) Chart |