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Ann: Q2 FY18 Market Update - Update to Cash Revenue Guidance, page-153

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david.brent

299 Posts.

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08/12/17

13:32

Post #: 29486228
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Originally posted by Brad J ↑

BIG has gone up by almost 10 times in 9 months. I'm not sure why anyone would be surprised that there is a correction. Share price movements don't always reflect the true value of a company, but in the long run price and value meet. If BIG keeps growing operating cash flow like they have in the past, it will be worth a lot more in 12 months, but if they don't it will be sold down heavily.

For me having management confirm that they have no intention of selling shares any time soon, after this huge run up and the director buying at higher levels, makes me feel confident that they are sure they can maintain growth in revenue and cash flow going forward.

The last upgrade to guidance was good but expected. The best part of that announcement for me was that the US had already caught up to Australia with new customers signed up and they have only just got going there. This speaks volumes for what can be expected going forward and is further evidence that the US strategy is playing out per their US update, which they stated is conservative.

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Theyve been operating in USA for over a year...brandon even said so in a recent interview

BIG Price at posting: $3.64 Sentiment: Buy Disclosure: Held
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