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Spanker

60 Posts.

30/03/21

20:23

Post #: 52153955
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Originally posted by PVPVG: ↑

All good, I was just curious if you had some interesting input

So from my thoughts, RE the half yearly financial results I absolutely understand why some would be selling, a glance at the reports and I also considered selling but after taking a few days to think it over I decided to actually purchase more. The numbers were very bad specifically the Non-Recurring Project Income by -90% that was the massive impact on revenue.
The company has stated underneath
"New projects resumed late in CY20 and have come on-stream in February including IBM (see previous announcement). Project revenue has returned to pre-COVID levels in Q3 FY21"

However all this aside, we actually want to see the Recurring Revenue increase, which it has.
Recurring revenue is far more important for a company like this in my opinion.

Things we do know is they raised $9.2M recently with a plan to use it to expand globally,
"With capital now available from the highly successful IPO, the company has activated its plan to roll-out new SD-WAN PoPs and OneCloud nodes globally."
and
"Additional sales resources have been added to the team in Perth with more team members to come on-stream on the East Coast of Australia during the coming months."

Now to wrap it up, I think the industry is very important and underrated.
With the industry experiencing high growth itself I see NNG is very cheap at a MC of $15m

I am going to hold at least until we have more financial results to work with, quarterly due next month but I am happy to wait until the full year results are out.

Good luck with your holdings

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Agreed PVPVH. Gift at these prices. Tiny market cap, 63 million tradeable shares. Long runway for growth and share price upside is substantial

NNG Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Ann, page-7

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Ann, page-7

Top Stories

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

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