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OLV otherlevels holdings limited

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loaner007

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07/12/15

15:05

Post #: 16561742
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Originally posted by stocking ↑

7 th December 2015: OtherLevels Holdings Limited (ASX: OLV) (OtherLevels) today announced that it is restructuring its US operations and consolidating headquarter activities, taking advantage of lower costs in Australia. Annualised cost savings are estimated to exceed AUD$ 1 million.

Renewals from existing customers using the platform for more than one year continue to grow with average annualised recurring revenue per customer growing to in excess of USD$ 130,000 per customer as at the end of November 2015.

This is very interesting. IMO this flags good cash management.

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Much the same thoughts as mine and also in the future as they hopefully expand they can always revisit admin. etc being o/seas

OLV Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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