2019...Turnaround Year for Impelus

I had a chance at the AGM to speak with the new Chairman, the MD and a key new employee.

Nothing in life is certain, but having been bolloxed down to 1c, I believe there is a real chance that this minnow will rebound in 2019.

They have already stated a small loss will ensue for the first half of 18/19- fair enough. However, they predict a strong second half. As we know, they have slashed overheads, negotiated a new deal with the Bank lender, repositioned the company and seem to be pretty darned positive about the future.

They have plans to expand in Europe where they already have a base.

I have studied other businesses in this sector, such as Fluent in the US. A scalable business opportunity exists.

For anyone looking for a potential 5 bagger over the next 18 months, my view is that this wee company is worth a look. No guarantees and you will find many disgruntled shareholders but sometimes these beaten up companies do survive and make a fist of it.

I hope to be crowing this time next year! You never know. I am not a trader. My view is this can get back to a $50m+ market cap relatively easily. We will see, as they say.