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1.0¢ swift networks group limited

Ann: Half Yearly Report and Accounts, page-5

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daz1982

2,210 Posts.

18

01/03/19

20:01

Post #: 37626047
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Originally posted by scottm: ↑

Oh Daz,

You might need to re-read the statement.

net loss was $700k as opposed to $7m last year which means a 90% improvement not worse.

The wages increased due to having more staff and more sites.

I've spoken to the company about the share based payments and they are frustrated by the way the accounting standards require them to be stated.

So let me summarise.

1. They aren't cash payments so the company isn't burning cash.
2. The accounting standards require any potential liability to be stated. So the $1.8m liability includes payments that would be payable IF the high performance targets are reached. If that is the case then they have increased their profit and share price by 150% plus. The $1.8m relates to the next 3 years and aren't guaranteed being paid (see annual report).

If they aren't reached then they are NOT paid

So what's there to like, lots. There continues to be lots happening, the share price will look after itself.

Expand

so what you like share based payments, 20% revenue gain and less cash burn...

this is is going to be a 5 year hold at this rate...

SW1 Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held
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