My understanding is that only those already recognized revenue but uncollected will be fall under RECEIVABLES. Those not yet recognized are not recognized under RECEIVABLES. correct me if I am wrong. TQ
azlan88 hi kakijudi, their recurring income is around 80% from software business. Their revenue for software (due to the ATM/CDM machine) has been consistently around RM 8 million per quarter and higher than hardware business. Last quarter revenue was exceptional like I mentioned in previous post and some revenue (about RM13 million) has yet to be recognized judging from their receivables. Q2 will be good, plus expected dividend too. 16/06/2015 21:58
bukithot, yes you are correct. It should be 'uncollected' not 'unrecognized'. The receivables increased from RM7 million to RM20 million. So I assume there will be RM13 million which will be reflected in Q2 revenue (if they managed to collect all).
20 million receivables have already been recognized in revenue. Doesn't matter they can collect or not (which is reflect in cash flow stmt). 13 mil from current receivables would not turn into Q2 revenue. Correct me if I am wrong.
azlan88 bukithot, yes you are correct. It should be 'uncollected' not 'unrecognized'. The receivables increased from RM7 million to RM20 million. So I assume there will be RM13 million which will be reflected in Q2 revenue (if they managed to collect all).
All these going to make Opensys more business ...secured ATMs. More OKIs, softwares for secured online banking, .....strongly believe it will be like GHLSys soon
Sideline first guys. Greece financial crisis > bankruptcy , So don:t buy but cut loss if can , Market will crash further, Han seng down 760 point. nikkei down 550 point. Dow jone future down 252 point. Bskl coming soon to test 1600 - 1620 in few day time. Be cautious !!!
This counter in competition with global leader.....NCR Kacau NCR market in ASEAN, with current USD so strong, don't know NCR will eat this one up with the cheap ringgit....to take out competition.
Matched at RM0.365 and q at RM0.36 As all the bank will face challenging market situation and cut cost, in reverse, Opensys will have better prospect on ATM business.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kentg03
971 posts
Posted by kentg03 > 2015-06-16 22:18 | Report Abuse
Adui, why up.