SKG announced today that it is on track to achieve its full year earnings forecast of $1 milliion. In my opinion, thats not bad given how much it has expanded.
The things I like about the company are :
1. Have achieved first mover status as the main supplier of residential wireless broadband in australia. Their contracts set up barriers to entry to new competitors. I think now they have 10 000 homes that are covered by these contracts.."homes" being apartments.
2. Foot print in Singpapre, Adelaide and I think syd melb ( havent checked laely) with wireless hotsopts.
3. Not buring money...for a tech company expanding with new technology, thats pretty unique.
4. Low cap - company only valued at around $12 million based on todays price.
SKG
skynetglobal limited
no-one buys tech but for the knockers...
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