Review of SNS’s great Qtr - Kalkaline Media, page-36

https://statements.qld.gov.au/statements/90261

~ 10k fines at $1k per fine, per month.

SNS may take 10-30% of each fine issued, so while I think SNS will most likely win this tender I don't believe it will be a significant revenue generator by itself. Though it does position SNS to roll out the technology in other states and countries.

Many are expecting the SP to be higher than were it is now, I am of the opposite view - I think the company is fairly well priced at ~$50M.
ARR (3.5M) still has a long way to go before I would consider this a $100M company.

It's not a lack of communication that is holding the SP back, its just already reasonably priced for a SaaS company.
Great management in this company and it is quite tightly held, Directors have not sold any shares since listing.

Personally I don't like holding specs that have reached their valuation or exceeded, so sold out in the recent peak, looking for re-entry if this becomes undervalued.

GLTAH.


NOT HELD. - HOLD.