Greetings.
Unfortunately, the cash generation was -767k, but after 1350 of equity net + 583.
I maybe question when net cash generation from customers will exceed operating and dvd purchase costs.
Currently, receipts less (employee costs, advertising, other working capital and dvd purchase) is negative:
Mar 09 -264
Jun 09 -237
Sep 09 -390
Dec 09 -495
Mar 10 -629
Jun 10 -701
The last 3 qtr's these have been 120-130% of receipts.
The Company have suggested an achievement of Op cash +ve, I am just not sure when.
Until then, yes, growth is dilutive.
Maybe the streaming will reduce the operating cash costs. Certainly the new acquisition channels have been a lot cheaper method of winning customers (as above).
f111
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Greetings.Unfortunately, the cash generation was -767k, but...
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