GREY:SCSZF - Post by User
Comment by
idleSpeculatoron May 30, 2004 1:49pm
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Post# 7549058
RE: thanks for the AGM info
RE: thanks for the AGM infoI would like to say the same, thanks wooter and thrifty.
I heard the reason that in the ealrly contracts, SCS were paid when people flew rather than booked was becuase not everyone that books flies, some cancel and get refunds, so Tour Operator only knows for a fact they are going to make money when they fly.
Good to hear they have amended future contracts to benefit SCS's cashflow.
I had assumed we would see impact of TT/SB in next accounts, looks like it might be the ones after given the lag between sale and income the original contracts result in.
Idle