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22:51
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Originally posted by jas626
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im really impressed reading the CEO report from Paul Simmons, he sounds very switched on indeed. we have spoken with four and are continuing dialect with two. We will not pursue a business for the sake of development. It must be the right fit. we have recently applied for the required licences in New South Wales and Victoria and it is anticipated that these should be received in the coming months. Once the system is fully functioning it will add a substantial difference between not only our company but the front-line officers compared to others in our industry, our competitors. We have the next 5 years road mapped and will strive to develop the business in add on markets that will benefit all shareholders and drive the business forward in all areas . •The strategy has been implemented and we have grown the business as stated last year, organically by adding more of our existing clients’ property charges to our portfolio. We are also focusing on acquisitions and had identified four businesses that fit into the model of our development. Two we decided for commercial reasons were not a correct fit and the remaining two we are still speaking with . I have every confidence that the approach of organic and acquisition development will be a success and benefit all our shareholders.
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Cash flow positive is one thing, but the growth of the company is what you need to look for. It seems to be making cash yes, but not real much growth. How can this company grow, in terms of increase in revenue etc.
