Yes cash is king. Most entities are legit. But I have been caught out by SBB an ASX listed company that for 18 odd months had remarkable cashflow and a substantial cash balance. Turned in to a deadduck seemingly by siphoning cash receipts into "operating costs". Will never really know the full story with that one.
Anyway I digress. 99.5% of companies are legit in the reporting of cash receipts. BIG and APT grew at similar rates to what NOV have done recently.
I don't believe the crypto trading space has had a big influence on cashflow growth. The 2017 announcements demonstrate this was behind maybe $300-500k of receipts. A minority. Reckon it's mainly driven from e-commerce and Chinese OTC mobile payment merchant sales.
Ann: Appendix 4C - quarterly, page-54
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.41M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.1¢ | $14.75K | 461.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 799316 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 917481 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| NOV (ASX) Chart |
