Sustained increase in cash receipts from customers up by 20% in Q1 FY16 compared with Q4 FY15 and significant increase of 602% compared with Q1 FY15
cost cuts to deliver estimated cost savings over $1.1 million in FY16
Run rate revenue of $3.3m based on September 2015. Up 12% compared with June, 2015
Sustained growth in Newzulu contributor community (Social network engagement up 36% on Q4 FY15)
$4.52 million cash at bank at the end of the September 2015 quarter.
Client acceptance testing of Newzulu Platform and Newzulu Live on track to occur in November 2015.
With MC at 17.81 million this is imo is at less that 15% its real value.
The target SP of 25c sounds right to me, but it may take the client acceptance of the newzulu platform for the market to wake up, this is stated as being on-track, so this maybe a huge buy opportunity.
However at this end of the market everyone is star-struck with failed miners going into tech, so who knows
Anyway happy to continue holding for another 6 months, everything is going in the right direction
NWZ Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
