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213 Posts.

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02/09/20

11:33

Post #: 47016979
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Originally posted by Paul100: ↑

Here are my comments on the stock

The half year result was as I expected. A small loss excluding the share based payments which wont occur again except for the financing costs until Alto is retired

The half year result however was help up by the first quarter results pre-covid.

The bad debts provisioning was certainly too high

The revenue number(not announced) of being around the same as July is very disappointing

The revenue outlook is also very disappointing

It is now blatantly clear that Covid is having a much bigger impact on revenue than I expected and clearly management also have no idea when revenue's will recover

Expenses have reduced by around 350K when compared to the Dec half

Overall though I have exited my position this morning.

I have exited because revenue is not growing as I had expected. I have always said that this company is all about revenue growth and that currently cant be predicted

I may be back next year.

However there are too many other opportunities available to sit here waiting.

This is close to my last post on this stock.

Unlike many others here my time is far too valuable to post continuously on a stock i dont own.

Actually i very seldom post on the stocks i own

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Keeps it to the minimum only 3648 posts

EN1 Price at posting: 0.7¢ Sentiment: Sell Disclosure: Not Held
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