Yea 2 years ago there was a material 'concentration risk' where one client accounted for 50% or more of the revenue. That risk is no longer applicable thankfully.
I'm referring to an accurate (or lack of) BW forecast since the restructure of the company post that sell off. 6-7 quarters of consistent revenue growth is hard to ignore and there is zero evidence to assume they will see anything else other than concistent growth in the coming quarters.
I agree, he is clearly a disgruntled biased investor. Focusing solely on cash reserves rather than empirical statistical analysis on their business fundamentals and their non speculative growth story is the reason why he has missed most of the 4-5 bags since last year and no CGT discount. A CR is not perceived as bad anymore since COVID occured, in fact it seems to be met with added positive sentiment these days. Will one happen? Imo unlikely but it is possible, with Breakeven occuring soon we will just have to wait and see.
I agree with another good quarterly lifting the SP to 23-25c and a Breakeven announcement pushing this closer to 30c. I imagine we will achieve annualised Breakeven this financial year. I had initially anticipated by jan-april but I had forgotten about the one off expenses that occur annually in the March qtr.
