Maybe I can point you in a direction. Suggest you look at the spend per annum on Product Development in recent years. Their last financial report refers to this extensive spend and signals that the associated software development is near complete.
Whilst I would expect the Company to continue investing in either new or on refining software going forward, we can expect a downwards step-change in this expense item within the next 6 months. If correct, this drops straight to the bottom-line. A portion of $14m will obviously have a material impact on profitability. This together with current momentum is what makes this an interesting buy. All IMO of course.
Suggest you work the numbers so as to build some conviction. I have said previously that I expect this will take time to unfold (18 to 36 months), but buying a starter position ensures a great entry price. My plan is to add to my holding with each reporting period,but only if the above plays out. As ARR builds, the risk should in theory reduce.
Hope this helps.
Rokewa
RUL Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
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