MOST UNDER VALUED COVID19 PROOF STOCK ON THE ASX
CCG – Commschoice Group Limited
$9.5m market cap at 5c
90% Recurring revenues
Earnings Guidance Reaffirmed and Balance Sheet is Strong Based on trading results to date, CommsChoice can re-affirm it’s FY20 guidance to the market for EBITDA of $1.8m to$2.2m.
16th April 2020 Trading Update
With the move to remote working and work-from-home by many businesses, CommsChoice has seen a marked increase in enquiries for work-from-home solutions from existing customers. CommsChoice has also experienced an increase in revenue from several key customers in March. The Company is also receiving strong interest from both existing and new customers in our key Unified Communications solutions, particularly MS Teams Calling (Direct Routing), enabling our customers to operate their own businesses remotely with both video and telephony integrated.
YES THAT IS RIGHT $9.5m market cap and going to make $2m profit… and due to past tax losses on the balance sheet.. the company won’t need to pay tax for a number of years so more profits to the bottom line!
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