Agree Niftyw and Saber. This forum has been trashed by them and surprisingly allowed by the mod over the last few months. There seems to no limits whatsoever how many posts per hr, per day...it has become sick to be honest.
how many times Hashi has mentioned about liabilities where he knows too well that the ratio of assets versus liabilities is what really counts but he keeps twisting it. A comapny owes $10mil and has $1mil cash is different to a company owes $10mil and has assets of $9mil. It is all about assets versus liabilities.
Revenue has been growing and consolidating upwards month after month. Just a few short months ago the whole Q1 revenue was $1.92mil (that is total rev for 3 months), Q2 = $4.2mil and now Aug rev is $1.66mil and could have even beaten the whole Q1 rev if it had not had the technical issue with one of the customers. I mean one must be blind not to be able to see the progress EN1 has made.
The amount of revenue that has been achieved by EN1 over the last few months has been amazing and it would be a dream for other small tech companies on ASX to wish that they can achieve and those companies have mc in hundreds of millions of dollars. Almost all of them are losing big amount of money each and every quarter. It will never be apple to apple comparisions but taking a basket of tech companies and their mc and revenues and we should have a relevant and sensible comparision. That is about revenue and revenue growth. If we talk about cashflow and NPAT then EN1 as a small tech stock stands out even more favourable. FAR MORE FAVOURABLE, i should say.
The trolls keep pointing out the technical issue as if it is the sky is falling while deliberately not telling you that Aug rev is impressively $1.66mil WITHOUT that big customer. This means it would have been $2mil rev had we not had the tech issue. All tech companies have tech issues as they grow. TED is a freaking very good with IT if you do look at his tech background. Issues will be fixed.
Someone said today that Aug rev of $1.66mil is under-delivery this morning. That baffled me. Is he aware that it is a jump from $1.42mil from July to $1.66mil in Aug? That is rev growth in a month, not growth in a year. If this rev growth was announced today by another small tech companies on ASX today, say WZR.ax or ISX.ax their sp would have jump by 20%, 30% easily. By the way, ISX.AX has $7.5mil revenue in H1 2019 and $13.5mil cash on hand and mc of $1.4bil today. Yeah you read it right. Rev of $7.5mil in H1 2019 and MC of $1.4 BILLION dollars. Not apple to apple but it does give you some perspective.
Enough said, i am out of this forum until HC becomes a more fair place to share info.
Just dont let them play your psychology. Use your rational thinking and sound analysis to help you make your investment decisions.
Cheers.
My last post on HC.
EN1 Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
