If a tree falls in a forest and no one is around to hear it, does it make a sound? This is essentially BCC's problem. It doesnt matter how many Zoleo units they sell, if nobody knows how many activations/subscribers there are (not to mention ARPU, LTV etc) it may as well be a donut as far as the market is concerned.
Aside from improved disclosures around the activations/subscriber numbers, BCC desparately needs:
1. A new Chairman who has markets and preferably tech experience. Simon Wallace might be a good bloke but on current evidence doesnt understand how management incentive schemes nor how the market works. He's been there 5 years, it's time for a refresh.
2. A local market facing senior manager. Either a new Chairman or the CFO, Dennis Payne need to step up and starting doing some IR. Or Michael Capocchi should re-base to Australia. While a Chicago base may stack up vis-a-vis interacting with global customers in different timezones (thats BCC's argument), as a director his primary responsibility (fiduciary duty) is to shareholders and he's failing in that regard.
3. A change in their R&D capitalisation treatment. I've already said my piece on this.
4. A new broker. I think Niv at Peak's a decent bloke but lets be honest they havent come anywhere near earning their $0.50 options for their "corporate advisory" work.
I'm still wondering whether I've backed the wrong jockey/horse here but i'm stuck now so will see how things play out.
- Forums
- ASX - By Stock
- BCC
- Ann: Beam Quarterly Report - Further Growth in Cash Position
Ann: Beam Quarterly Report - Further Growth in Cash Position, page-90
-
-
- There are more pages in this discussion • 5 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 BCC (ASX) to my watchlist
|
|||||
Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $14.25M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 16.0¢ | $1.023K | 6.317K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5181 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 8999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5181 | 0.160 |
1 | 30000 | 0.150 |
1 | 22499 | 0.145 |
1 | 7407 | 0.135 |
2 | 13695 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 8999 | 1 |
0.180 | 22662 | 2 |
0.195 | 7500 | 1 |
0.200 | 25000 | 1 |
0.490 | 4000 | 1 |
Last trade - 15.58pm 15/08/2024 (20 minute delay) ? |
Featured News
BCC (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online