ASC 6.67% 1.6¢ adultshop.com limited

IMHO This is a massive Buy

  1. 7,475 Posts.
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    Did anyone see this announcement by ASC. By my reckoning the Company is trading on 2x cash off growth of 45% per quarter. I feel I May be buying these.

    Does anyone have any infomation?

    Simon

    ASC - ASX Company Announcement
    $ret1 THIS IS A PRIORITY ITEM
    30 April 2002
    Part 1/1
    --------
    ADULTSHOP.COM LIMITED
    ---------------------

    HOMEX - Perth
    -------------------------
    A$5.8m net operating cash flow for ASC in 3rd Qtr.2001/2002

    AdultShop.com Limited today released its cash flow statement for the
    third quarter 2001/2002. The Company posted a positive net operating
    cash flow of A$5.772 million.

    MARCH 2002 DEC 2001 CHANGE
    QUARTER QUARTER
    A$ million A$ million A$ million

    Receipts from 32.479 22.736 + 9.743
    Customers
    Net Operating Cash 5.772 4.905 + 0.867
    Flow
    Total Net Cash Flow 5.227 4.499 + 0.728
    Cash at End of Quarter 11.888 6.661 + 5.227

    ONGOING GROWTH AND STRONG PERFORMANCE

    The increase in net operating cash inflow is a result of:

    * the successful implementation of various growth opportunities in
    the online entertainment business;

    * a general improvement in business trading conditions across the
    whole AdultShop.com group.

    OUTLOOK

    The third consecutive quarter of increasing positive operating cash
    flows has reinforced the success of the sales initiatives applied in
    the online entertainment division. The Directors of AdultShop.com
    expect the strong positive cash flows generated by Today's Success to
    continue in the coming quarters.

    Malcolm Day, Chief Executive Officer of AdultShop.com Limited,
    stated: "As planned, the increase in cash reserves will enable the
    Company to allocate cash resources to internal growth opportunities,
    particularly in the area of online entertainment, and review
    potential acquisitions." He added: "The path to financial and
    operating success has been clearly set out and management are highly
    motivated to fully capitalise on the available opportunities."

    For further details or comment, please contact:

    Malcolm Day Released by:
    CHIEF EXECUTIVE OFFICER Nancy Hackett
    AdultShop.com Limited INVESTOR RELATIONS MANAGER
    Phone: 61 8 9227 6777 Phone: 61 8 9227 6777
    Email: Malcolmadultshop.com Email: Nancyhadultshop.com

    ends - AAP

 
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