It isn't ideal I know, but it's unfortunately designed to get people to sell down. Just be patient. Remind yourself of fundamentals and what's happening now:
Revenue is up 18% year on year for FY24
Extremely strong cash position ($19M in reserves)
Contract renewals and expansions in NSW, QLD and the US (0.8M in Georgia)
Revenue from outside AUS went from 1% to 4%, so in other words, there's huge room for growth
Named 2024 Vic scaleup of year (more exposure than anything else)
There's a patent case with a close competitor, if they breached our patent well they're majorly screwed for future tenders
RAC offered huge support for ACE in the UK (the UK version of the RACV who have a lot of authority and pull there)
We just hired Violet snell, one the pioneers of AI machine learning, it's a huge scalp
State governments have all been increasing their spend on road safety, so the money is growing
And just now someone purchased over $150k of shares this arvo. So that's pretty much vindication with regards to what i was saying about the SP being driven down to allow someone to enter at a lower price. They've obviously been pushing it progressively lower from 600 to 550 to hit this mark, purely so that this big kahuna can purchase such a large amount on market. This is the proof right here of manipulation. I don't expect it to be drive down much more now that this instigator has occurred (assuming i'm right).
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)