BUD 0.00% 0.6¢ buddy technologies ltd

Where are we? December 2018, page-25

  1. 219 Posts.
    lightbulb Created with Sketch. 52


    It doesn't appear the cash burn will escalate further (in fact went down in last Qtr).  May be more spend on inventory going forward but its obviously a good thing. 


    They seem to have more and more multi-site customers buying more and spending more.  Churn is not a good indicator at this point of product cycle but it's still good to hear most are sticking around.  


    Also down select on a large bid from 20 bidders to 2 for a brand new product validates the offering.  there are a number of different size deals in pipeline (by memory 500 odd few months ago) so with a strong offering, at least some may stick and eventually lot of others will follow. 


    I am also keenly awaiting what new MO deal will look like.  I certainly hope it's better than Digicel. 


    They did very well on last raise and have enough ammunition for another 12 months and is the reason it is at $100M EV imo.


    But I agree, by mid-next year, investors will get jittery.





 
watchlist Created with Sketch. Add BUD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.