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Hi lifeguard7 I would think that most of the receivables would...

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retiredyoung

8,751 Posts.

782

02/08/18

13:11

Post #: 34688764
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Originally posted by lifeguard7 ↑

DRP,
Good idea to combine DRP, I'm concerned about the payments outstanding claim:
"- Quarterly customer cash receipts declining quarter-over-quarter by A$195k to A$282K due to the timing of customer’s payment cycles, budgeting processes and their balance sheet management at financial year-end
- Accordingly, Buddy ended the quarter with A$534K in receivables and the Company believes, and is satisfied, that these balances are recoverable and will be collected."
Since when does the seller of a product let the customer dictate when they will pay for goods and services? If Buddy has, as it should have in contractual negotiations, had these clients agree and sign up to payment terms, are the clients involved in breech of their contracts and what is Buddy doing about that?

Remember OneTel, did nearly everything right in getting market share but forgot to bill and collect payment from the clients...

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Hi lifeguard7

I would think that most of the receivables would be from Thor & Digicel, since they would be BUD's major customers. Dicker Data and Rizon would probably also be in there. I think that this is just a timing issue as BUD stated.

BUD Price at posting: 9.1¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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