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$4.83 elmo software limited

Ann: FY2020 Results Investor Presentation, page-38

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Symore

32 Posts.

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29/08/20

10:20

Post #: 46916414
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Originally posted by Preston3: ↑

I agree it’s a crazy valuation for a company that doesn’t make any money and spends a fortune on sales and marketing to generate tiny organic sales growth (less the churn). They keep showing a chart of how big the market is, which makes you wonder- either they aren’t good at sales, the market doesn’t like the product, or maybe the market isn’t as big as they think. Otherwise they would be massively growing organically. I’d worry it will be a continuation of more and more capital raises to cover losses and buy more tinpot add ons to keep showing top line growth. I see more an opportunity to short here as the market wakes up to the realisation they are more likely to see the begging bowl again rather than any rewards. Time will tell

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I’ve had a good look at their product, it ain’t that great. No wondering they aren’t winning and retaining customers

Last edited by Symore: 29/08/20

ELO Price at posting: $5.64 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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