RE: Continuing slide27 Nov 2018 11:04
Good work Shandy, appreciated. this also raise new question, sorry for bother you, breaking down of Administrative expenses 1,446,622 is never available in IDP annual report. how much it is related to new launches is unknown. The wages of ye June 2018 for Mr Kieran Callan is zero. if HC took 189k, his taking is about 150k I guess. wages might increase. The total comprehensive income for the ye June 2018 period is 397,633, we unfortunately can not ignore tax, Net cash in from operating activities is only 102,318. Normally you would expect Net cash in figure is higher than Comprehensive income, as latter normally contains amortisation/depereciation. I don't know why, but they need to fix this eventually, this is also the reason I focus on after tax profit to attempt to link to valuation of the company. the target sale need to be higher to boost share price above £1.5. more clarity is needed as well.