increase operating cashflow has been driven by the increase in payables. the increase in payables is due to the significant increase, year on year, in sales through the platform. mydeal has received the cash, but not yet paid the vendor.
mydeal has a positive cashflow cycle. the customer places an order (say $100 paid in cash), of which triggers the supplier(s) to dispatch the stock. the supplier is paid with 3-4 weeks. mydeal recognises the commission (say $15) as revenue, $100 cash and $85 payable at the time of the transaction.
MYD Price at posting:
$1.25 Sentiment: Buy Disclosure: Held
