VLT, SIS, TNT. I hold first two, as for the third only issue I have with TNT is the amount they burn on Admin expenses.
Anyways will be looking forward to further contract wins here, management seem confident as they say the “minimum target $10M CARR” If they get near that on 31/12/19 quarter can do well. My maths tells me quarterly $2.2M revenue will make them Cflow+. $2.2M at 85% margin (which is their average gross margin last 4 quarters) should bring $1.9M gross profit. With $1.9M on admin+O/H puts them on Cflow+ region.
let’s hope management deliver on words GL
VLT Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
