Completely agree with you here @Oddmonkey Although I was...

Completely agree with you here @Oddmonkey

Although I was slightly disappointed they didn't reach the revenue heights I had hoped for, that is probably more a reflection of my accounting/estimating skills than on the company's performance. I also make note of the following commentary in the 4c which I believe indicates a much better result would have been achieved had revenue from these streams been received for the whole duration of the quarter.
"It is also important to note that the Company is yet to realise the full benefit of the new customer wins recorded in the first half of FY2020"

This quarters results are a huge achievement by management and special mention goes to Prashant Chandra who has turned this company around from the point of liquidation to what is now a wholly sustaining cash flow positive business in the space of what, a little over a year? Incredible result.

What pleases me most is that there is so much more revenue growth to come just from the existing clients and contracts, and many are locked in on long term deals, all future capital raises should be for the benefit of acquisitions or business development only and if things keep going the way they are we will be able to do a good amount of this via profits from the business, avoiding mass dilution to holders.

Todays 4C will have opened this company up to so many more potential investors as its risk profile has changed.

They have proven they can increase revenue via acquisitions and organic growth whilst keeping costs down or lower than they were prior. The company is self sustaining at the moment even with the removal of the government grants they had been receiving for a number of quarters.

I expect the share price to gradually increase from these levels to something that resembles a fairer value for the following reasons IMO:
1. They are cash flow positive
2. They have multiple long term contracts in a number of sectors including with state governments
3. Management have proven they can grow the business whilst also minimising/reducing operating expenditure and keeping dilution to a minimum
4. Directors with a proven track record and plenty of skin in the game plus long term incentives that are aligned with shareholders interests
5. A strong sales growth pipeline across all business segments
6. A tight register and not too many SOI
7. Consistent revenue growth, year on year, quarter on quarter
8. Further revenue and/or CFP acquisitions in the mix

Nice to see a little bit of interest this afternoon and expect this to keep going.

GLTAH