CGR: one of the thinnest sellers depth. A possible chance to break 30c level today.
Its new business division, Receivables financing are growing at a rate of 150% this 2014 financial year versus 2013 FY.
Currently it is generating $5 million in revenue per month, that is equivalent to more than a quarter of Full Year 2013 revenue of $19 million. At this run rate, it will be at least $60 million in 2015 financial year. That is a conservative figure, if it can continues to grow i expect Receivables financing to pass $100m per annum which is more than its existing two businesses.
