Ann: Prophecy FY23 Results Investor Webinar - 7 Sept, page-5

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16/09/23

20:59

Post #: 69887103
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Originally posted by Kevpod: ↑

Hi 10X a good reminder about the FY23 Results Webinar. Somehow I missed this webinar so listened to it today. I really enjoyed it. I have been a PRO shareholder for around 10 years and have seen 2 great ups and many downs. I was thinking of downsizing my investment in PRO but after listening to the webinar I have restored my faith in PRO and Brad as CEO. I had felt over the last year Brad had lost some fire in his belly when promoting PRO but thought he was back in great form on this webinar. He has tremendous product knowledge, competitor knowledge and can present the PRO story in a clear coherent manner. I like the comments about he expects to be making good announcements within the next 6 months. The product enhancements to Emite and Snare sound great with more on the way. Regarding revenue he mentioned >25m in FY24, and expects to be about 50M in 3 years. I like this as a goal and he should be handsomely rewarded if we get there. The company has never been in a better position, now with a high base of ARR, and 10M in cash to keep the company growing. The share price is very low considering our current ARR, momentum, cash on hand and we are positioned in 2 great business niches. He mentions the margins will continue to improve. If we get to 50m in 3 years, assuming the market has recovered for small cap software companies, I think it is reasonable for the share price to be > 5 times the current share price.
Talking of Charlie Munger great quotes my favorite is, "what I would give to be 90 again".
Did anyone notice yesterday there was a trade go through for 1.4mill shares at 57.5c. This must have been pre arranged as the share price remained unchanged.

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don't think it will stay listed in that amount of time... this is a no brainer takeover target

PRO Price at posting: 61.5¢ Sentiment: Buy Disclosure: Held
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