RE: Director of Business Development Vacancy3 Feb 2024 17:44
Dustofnations/GeordieChris
"In our hypothetical example, you receive £100,000 up front, and can recognise 1/24th of it each month as the service is delivered to the customer.
It is more complicated in HVO's case because they have non-refundable elements, each project has its own schedule for deliverables and payment (as agreed with the customer), and, not all of the cash is necessarily received up front."
"he has zero concept of deferred revenue recognition double entry. he really needs to enroll on an 'accounting for dummies' course"
Thank you for the clarification.
That's one for Hallsworthy, Moniman then as well.
TLY has a similar model, they get paid some cash upfront. They win contracts from the NHS, HMP etc. They then get paid monthly, which is deferred income.
Yet on TLY the same posters are claiming TLY have high liabilities.
Maybe that "accounting for dummies" course is perfect for Hallsworthy, Moniman etc as well then.
Unless they are spinning the same metrics depending on whether they are desperately ramping/deramping....
Hallsworthy's post, 1st Feb 08.16:
Short term liabilities so high and huge red flag in the fact they have a SINGLE CUSTOMER in the NHS.
Moniman 1st Feb 08.56
"Appears to be a HUGE red flag about cash levels and government contracts. Another HUGE red flag appears to be margin pressure as NHS is running on empty it seems"
Read the "Sinking ship" and the "Huge cash burn" threads.
https://www.lse.co.uk/ShareChat.html?ShareTicker=TLY&share=Totally
Btw, neither are true, as there's dozens of NHS' (local health boards) within the UK. Their margins are as high as 40% on some contracts, outside of NHS.
Sign In
Follow the stocks
