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Ann: Appendix 4E and Annual Accounts, page-3

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spider_webb

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31/08/17

20:14

Post #: 26911164
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Originally posted by spider_webb ↑

The outlook section is depressing:

"Corum completed a strategic review of the business in the second half of FY17 and the recommendations have been adopted by management and the board

As a result, the directors have decided at this stage not to invest further in the eCommerce business."

And then it just keeps getting worse when they talk about the health business. "Long term impact of a number of unsuccessful pharmacy group tenders is yet to be determined..." then talks about the loss of a long standing customer and loss of revenue.

And then... "Corum Clear isn't expected expected to contribute significantly to revenue in the coming year."

Are there any bright points in the numbers? All I see is lots of talk and a deteriorating business which is decimating shareholder value. They're down to 14 mil in revenue for goodness sakes! Profits they earn before all these "one offs" don't even look appetising any more... any moat they did have has been eroded.

Where's the upside in all this, that they can stop all the customer's from fleeing? That Corum Clear starts to generate some profit in the next couple of years?

Value trap!

Expand

Originally posted by spider_webb ↑

The outlook section is depressing:

"Corum completed a strategic review of the business in the second half of FY17 and the recommendations have been adopted by management and the board

As a result, the directors have decided at this stage not to invest further in the eCommerce business."

And then it just keeps getting worse when they talk about the health business. "Long term impact of a number of unsuccessful pharmacy group tenders is yet to be determined..." then talks about the loss of a long standing customer and loss of revenue.

And then... "Corum Clear isn't expected expected to contribute significantly to revenue in the coming year."

Are there any bright points in the numbers? All I see is lots of talk and a deteriorating business which is decimating shareholder value. They're down to 14 mil in revenue for goodness sakes! Profits they earn before all these "one offs" don't even look appetising any more... any moat they did have has been eroded.

Where's the upside in all this, that they can stop all the customer's from fleeing? That Corum Clear starts to generate some profit in the next couple of years?

Value trap!

Expand

"Ecommerce Strategy

During the first half of 2017 the eCommerce business finalised and released a mobile payment app... The adoption of the app has been satisfactory"

That's their entire new Ecommerce strategy? An app that has barely garnered a hundred or so downloads! And that is satisfactory to them...

COO Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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Ann: Appendix 4E and Annual Accounts, page-3

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KGL sniffs 19% Cu from drilling at Rockface play in NT

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Ann: Appendix 4E and Annual Accounts, page-3

Top Stories

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Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Climate change to drive market trends to the moon

KGL sniffs 19% Cu from drilling at Rockface play in NT

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Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

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