1,000,000 just gone through, good sale at above ask pricing, hmmmmmm !
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Somehow miffed that a share I have zero emotional attachment in, have done next to no research & bought purely on a whim is now my top NZX performing stock. Well not really miffed ;)
I am not sure if your remark means - take creditors into consideration or the creditors are equally out of synch.
Yes I had looked at Trade and other payables and they equally look high at $2260k or 58% of the total for the period. given Direct Costs $1645k and Operating expenses $2213k = total $3,858k. or 107 days turnover. There is cash in the Bank why are they not getting paid.
This may include a few too many assumptions but if you assume the Operating expenses/staff costs are the same each month at $369k and the trade and other payables are on 60 days terms (obviously wages are not) then the make up of the Trade and other payables is
Operating expenses $738k
Media payables $1522 92.5% of the total for 6 months - Are the Mediasuppliers giving Snakk great trade terms, or is there perhaps a lot of contras or ??.
Not sure what it all means - all I am saying is we know approx. 60% of the revenue was earned in the last quarter but the reported creditors appear to cover nearly the whole 6 months.
People will read the papers today or the email we received today from the Company and that may bring a few buyers in the morning.The interesting one is if some peripheral institution has three committee meetings on the result and wants to dip their toe into the water. That may take a few days..