There are too many variables & an insufficient disclosure of information to draw any conclusions on what's going on, & that seems to be intentional. There is a total lack of explanation of what has actually happened in the last 6 months with regard to Revenue generated. The "invoiced sales" term is complete BS, no one else uses such a measure. What's wrong with stating the actual Revenue generated , which they had done for every qtr up to Q4, & the order book?
What are the Debtors levels / payments in advance & how have they changed since Q4? Has there been a change in profile of credit terms as they expand in the US?
Based on what I can tell the H1 Revenue is going to be materialy less than the H1 cash receipts.
ZNO Price at posting:
97.5¢ Sentiment: Buy Disclosure: Held
