TEP
Nice summary and I concur with all the reasons cited in support of a ‘Buy’. Extended my holding in Xref after the COVID crash and have subsequently added to that holding. This is far from being a ‘new start’ and has built an impressive track record with some very significant Customer organisations. The move to integrations via relevant strategic partners is equally impressive. COVID-19 has clearly impacted their Revenue streams over the past 5 months, but this headwind will soon become a tailwind as hiring increases.
Relentless cash burn is a sentiment killer in any business, but as you correctly point out, that is all about to change. Discounting the change to the pay cycle ( 13 to 12 periods ), Xref exited FY2020 with a run-rate on cash flow which is essentially break even. In summary, the growth story is in tact now balanced with a road map to profitability. I too give credit to Xref for going the debt route opposed to a Capital Raise. Signals Management’s confidence in what lies ahead.
FY2021 should reward shareholders for their patience (and some).
Rokewa
- Forums
- ASX - By Stock
- XF1
- Why I am Buying XF1 (XREF)
Why I am Buying XF1 (XREF), page-6
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XF1 (ASX) to my watchlist
|
|||||
Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $34.03M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $24.73K | 137.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 43353 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 28499 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 43353 | 0.180 |
1 | 24481 | 0.175 |
1 | 14376 | 0.125 |
1 | 9095 | 0.110 |
1 | 9525 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 28499 | 2 |
0.190 | 25000 | 1 |
0.195 | 2444 | 1 |
0.200 | 146250 | 4 |
0.220 | 50000 | 1 |
Last trade - 14.42pm 05/08/2024 (20 minute delay) ? |
Featured News
XF1 (ASX) Chart |