Methodology determines valuation, Madtrader!Keith John's...

Methodology determines valuation, Madtrader!
Keith John's qualifications...look them up yourself. I've spoken to the guy several times and I find him to be a straight shooter in a world where speaking in fork tongues is the norm. His miss in 1h is the first time he hasn't quite met his stated deliveries...but he's been pretty ballsy about making it for FY19.
Cash Flow is key - yep, at least you and I agree on this.
"result lacked, maybe they make it up, maybe they don't" - well you won't have that long to know the answer, will you?. KJ has put his cahonnas on the block by saying that 2h profits and presumably cash flow will meet his FY19 guidance. I am certainly watching.
As to the issue about cash recoverability from the ledgers, I do the same figures as Pioupiou every reporting season and then I think about the quality of the ledgers and the systems employed to make the recoveries. All ledgers are not the same. Pay day loans and telephone account debts for example, are both hard and expensive to recover.
PNC consistently state they only take on quality ledgers from Tier 1 financiers.
I will take a holiday from PNC now, but just one last comment about those who chortle about getting a QC opinion. The day the results were announced the market wiped $57m off our market cap. $57m and quite some proportion of that is tield up with the uncertainty and ambiguity over the auditors report. 3.8m shares or 6% of the ledger resigned and took a shellacking within two days of announcement!