Applying the compounding ROE "Warren Buffett" style formula to valuation is fine (and this stock is a buy on the many last years ROE) when there is predictable stable recurring revenue....until suddenly the market dynamics of your business changes and revenue is no longer "recurring"?
And management didn't see this known unknown so called (aleged) "black swan" on the horizon?
Give me a break!
That's their job! To manage (properly) this sort of transition...
Software has been going to a subscription model for like centuries
Like Yesterday Dudes!
IMO! NA.
Ann: Market Update - Continuous Disclosure, page-86
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Last
60.5¢ |
Change
-0.010(1.63%) |
Mkt cap ! $106.4M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.0¢ | 60.0¢ | $85.13K | 140.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22611 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 1511 | 1 |
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| Last trade - 13.57pm 04/11/2024 (20 minute delay) ? |
| IRI (ASX) Chart |