Genetec - A baby step
Genetec - An update on Trade Receivable Collection from Management
Genetec A baby step
Publish date: Fri, 27 May 2022, 07:13 PM
Genetec A baby step
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Start small, dream big, and take those crucial baby steps - they're the key to unlocking success
Just give GENETEC a little more time, and mark my words - we'll witness our Battery Day plans come to glorious fruition!
https://klse1.i3investor.com/blogs/genetec_rm400/2022-03-29-story-h162...
Just give GENETEC a little more time, and mark my words - we'll witness our Battery Day plans come to glorious fruition!
https://klse1.i3investor.com/blogs/genetec_rm400/2022-03-29-story-h162...
KEY TAKE AWAY FROM MANAGEMENT BRIEFING:
- Trade Receivable as of 31-Mar-22 = RM155M
- Cash Collection after 31-Mar-22 = RM26M
- June 22 Collection = RM30M
- Q3 22 Collection = RM80M
- GENETEC finance team can monitor & trace the collection from customer's payment web portal. The money will come in by the time come.
- Genetec's Banker get ready RM300m trade facility to finance the upcoming order book. No issue on cash flow. Bank is happy to accept Customer T & Customer Z PO for the facility.
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