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23/04/09
12:08
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The March quarter cash flow report shows receipts from customers of $9.7 million. Annualised, this suggests 2009/10 turnover of at least $40 million.
We are reminded also of their previous target of 12% to 15% EDBITDA.
There are a couple of funding hurdles brought on by the GFC to overcome but with results like March 09 these should be achievable soon.
The GFC interupted their plans for 2008/09 but for the patient investor 2009/10 is looking good.
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