NextNation II

Here's an update to past blog posting, NextNation.

NextNation announced its quarterly earnings tonight. Quarterly rpt on consolidated results for the financial period ended 30/4/2007

Well, from an investing perspective, it's pretty ugly.

Compare the quarterly earnings posted versus the quarterly earnings done on the NextNation posting.



It's a worry.

And of course their receivables concern again should not be discounted as mentioned earlier. Frankly I do not see what the receivables should be so high!

Flashback to what was written earlier ( NextNation )

• The biggest concern for me is that NextNation has an issue with its receivables and because of this, one do not really see wealth being generated in the company's cash flows despite its very impressive earnings.