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1.6¢ sky and space company ltd

This is only up to December a lot has happened since then...

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Hasty78

261 Posts.

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30/03/19

08:53

Post #: 37935948
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Originally posted by mattroyceb: ↑

Just read the report. I am concerned by the fact that it only mentions the SAS order being placed on hold due to overdue payments, and then the remaining balance being paid out late in Q4 - Which we all know about. There is no mention though, of any construction activities for the SAS order, only the risk of the planned order not being placed:

"Backlog, Revenue and Trade receivables : A material part of the Group’s backlog, sales and revenue aswell as trade receivables is generated from a few large customers (mainly Sky and Space Global (UK) Ltd.). Since the thirdquarter 2018, there is an increased risk that customers do notplace orders or otherwise fulfill their respective undertakingsdue to e.g. lack of financial resources or other circumstancesbeyond the Company’s control, this risk is primarily relatedto our customer Sky and Space Global (UK) Ltd. Should theGroup lose business from all or some of its top customers itmay have an adverse impact on the Group’s business, financial position and profits in the future."

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This is only up to December a lot has happened since then Gomspace restructuring our terms, bank loan ect. we should get more information in their next quarterly next month.

SAS Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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