IAS international all sports limited

digesting oct/nov figures

  1. 406 Posts.
    Which paragraph was the most important in 10/12/02 announcement ?
    IMHO the following is the one to digest " Group turnover for October and November is expected to be about $85 million, a l00% increase on the $42 million turnover for the same period in 2001 .”
    And there is another one to go ( December 02 ) .
    The December Q in 2001 saw a turn over of $61 million , which means that December 01 T/O was $19 million .
    It is pretty obvious that IAS has easily DOUBLED their last year T/O . Therefore it is pretty safe to assume that December 02 is going to be in the visinity of $38 million , which will tally the Q at $123 million .

    Let's see what NOCF is potentially possible over those $123 million ?
    In the last Q the one that ended in Sept 02 the T/O was $86 million with NOCF of $ 2.8 million .
    I would dare to forecast at least a pro rata figure ( given the fact that the bottom line is getting better due to the internet low cost op ) of $4.0 million in NOCF for the December Q .
    Actually the company has clearly HINTED at this possibility " I am pleased to report that IAS‘s revenue margin also doubled last year‘s performance. Clearly IAS is on track for a record first half revenue result in our
    wagering sector, on the back of topping the field in fiscal 2001/02" . regards Duff646
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