RMY 5.71% 7.4¢ rma global limited

Still waiting for that inflexion point of rapid growth. 1,200 US...

  1. 70 Posts.
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    Still waiting for that inflexion point of rapid growth.
    1,200 US agents took out new subscriptions since Dec 2021, an average of about 46 new subscriptions per week.
    Directors state they are targeting the 300,000 most active agents in the US. This means about 1.2% of 300,000 agents in the US have subscribed, compared to 37% of active agents with a claimed profile in Australia.
    US subscriptions appear to be pulling about $755/agent versus $983/agent in Australia. If 37% of 300,000 US agents subscribed, revenue would be $83.8 million, not $260 million. Is claiming $260 million as "substantial revenue opportunity of RMY" being honest or tricky with figures?
    Last year, directors were bullish about being cash-flow positive by end of FY22. One month, June, was cash flow positive, but now back into cash flow negative with directors claiming company is on track to "deliver consistently from late FY23. Here's hoping.
    I support this company and have a significant share holding, but I'm disappointed with the "mayonnaise" laced through this report. Looking at the share drop today, looks like the market agrees.
 
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