Ann: Appendix 4C - quarterly, page-20

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Overboard888

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17/10/17

14:24

Post #: 27967158
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Originally posted by 9olives ↑

I have been following the ISX story for over 2 years
It got a buy recommendation on PPP over a year ago around current price
It went for a run to 50c+ just on 12 months ago
I held for a short time and exited for a small gain, missed the spike

Last 2 quarters great progress, but nothing yet (IMO) to justify anywhere near an $110mil EV (thanks for clarification). ALC is cash flow positive (just) has great potential to expand to US and EU markets, in a highly comp field, and recently signed up Monash and is sitting at $33 mil MC (just for comparison not for cross- promoting - I dont hold ALC)

I agree with what you state, its all about risk vs reward. But imo the story has started to get stale, most who invested here expected we would be much further along than where we are now. Delays in spec stocks is nothing new, and yes good progress in last 2 quarters, but a CR is imo inevitable, and unless they have something to spike the SP in the short term, the raise will be substantial and I hope they issue enough to make it the last one, maybe 100 mil shares at 15c to raise $15 mil

Cash flow neutral could easily be 24 months away, although best case imo is 12 months.

My main point is the spike has already occurred, which in my trading experience means dont expect another one on story alone, it now needs the support of the numbers, and the numbers have a significant way to go, unlike what several have posted inaccurately based on the 4C today

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Agree with all that. Albeit would hope for some positive news so they can raise a bit higher.
Ive been there since IPO and should have offloaded a few more in the 40's which was a silly mkt cap.
Opportunity cost of capital has been painful.
That said i think we are close to an inflexion point.
I would give him 20x revs if they can continue current growth rate for a few quarters.
So if they can show a path quickly to 5-10m recurring revs then value is ok.
For me this is a medium to long term story though. If they execute could easily see a paypal etc paying 500m plus for the biz, but will take a while.

ISX Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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