G’day Thunder,
The M7T share price is being held back by a large seller, JM Financial and the lack of progress on generating operational cashflow. In my view it is the cost side of M7T that is holding it back. This is an issue for CEO Mike Lampron to address. Sales growth and the gradual conversion to SaaS revenue is great but it needs to go hand in hand with cost leverage to get NPAT moving upwards.
M7T has fantastic opportunities but it needs to sort out costs and get the ‘Jaws Effect’ working.
Have a great 2024
Cheers……D
Ann: FY24 Guidance Update - Subscription Transition Accelerates, page-16
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Last
55.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $132.6M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 57.0¢ | 55.0¢ | $14.07K | 25.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 950 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 20901 | 1 |
View Market Depth
| Last trade - 15.11pm 27/09/2024 (20 minute delay) ? |
| M7T (ASX) Chart |