Sure, what did you guys make of the last couple of 4C’s when we finally got to get an insight into the sectors that ISX revenue comes from. IMO pretty scary.
The ISX story from the bullish research I read last year (didn’t buy any thankfully) was that they had superior technology and they were signing up quality clients who loved the technology. Then it was just a matter of stacking up more and more clients and enjoying the recurring revenue and high margins. The belief that this was what was happening drove ISX to a $1B+ market cap. The fact that 50% or so of revenue comes from online gaming was a shock don’t you think? Also the revenue seems to come and go, online gaming actually fell from Mar to Jun when I was told it would be booming. Also, credit providers went from 0 to 9%. New client perhaps?
If this info had come out in say Oct last year when ISX was trading at $1.00 what do you reckon would have happened to the share price. My guess is a minimum 50% fall as the market wasn’t expecting that. Thoughts?
Add to My Watchlist
What is My Watchlist?