Quite favourable terms in this business update I thought. I like the sound of this dot point below.
* Working capital to complete the strategic initiatives announced on the 08 October 2018.
The 08 October 2018 reference was their latest Investor Presentation below. Lot of mention re "strategic initiatives" in that presentation.
https://hotcopper.com.au/threads/ann-investor-presentation.4479367/?post_id=36030967
Non-executive director must see something here. He is afterall a very large shareholder in the company.
I also took note that the company’s future gross commissions receivable book was valued at circa $5.875m at 30 September 2018(subject to settlement). Refer to link below.
https://hotcopper.com.au/threads/ann-appendix-4c-quarterly.4515723/?post_id=36330989
Today's update highlighted that at the end of 31 December 2018, the Company recorded a gross future commissions receivable book of circa $5,096,088. Also proposed divestment of WA rent roll, should it be successful, will provide additional funds.
We now just need a good quarterly.
$4.358m market cap and just over $5m in receivables and it appears they're already starting to trickle through.
Ridiculous!
Tony
