IBN 0.00% 2.0¢ ibuynew group limited

Up until now the figures presented have been 50% of iBuyNew.With...

  1. 10,543 Posts.
    lightbulb Created with Sketch. 16
    Up until now the figures presented have been 50% of iBuyNew.With the buyout of iBuyNew the figures going forward will be 100% ownership.The last quarter commissions generated were $1.48 million with revenue of $1.1 million.Current run rate is over $1 million per quarter.We also have $3.4 million sitting in commissions that are paid on completion and settlement.The next cashflow they have a forecast costs of $951k and stated "Staff costs include settlement commissions paid to sales agents and are estimated to be materially higher due to higher anticipated settlement income from project completions in Q2 FY17." The next cashflow will in my opinion show a possible positive operating cashflow or close to it but we will have to wait and see.DYOR
 
watchlist Created with Sketch. Add IBN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.