re: Ann: MNF launches Naked ADSL2 service at ...
You are looking at 3Q FY09 which reports cashflow & payments only not revenue or accrued expenses. You & I have no idea what the payment to Symbio constitutes in terms of actual costs for that particular quarter. It is reasonable to assume a good portion of that is paying down part of the loan amount reported as $2M as at EOY FY08.
A cursory glance at the FY08 yearly for MNF appears to show payments of about $2.2M to Symbio for the entire year. This compared to $1.8M for just 1 quarter does not stack up does it?
I have put down what I think and you have put down what you think. I will now wait for the FY09 report to further analyse this. I remain comfortable in my shareholding.
Pity you can't run the figures on Freshtel or Engin isn't it?
MNF Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
