It is a good informative presentation and despite the SP performance over the last 12 mos or more I think they have a future in the industry.There were a couple of things which niggled me a bit and they were - while there was a very good growth in revenue percentage it was exceeded by the growth in costs. There was also a mention that margins are under pressure and that is not the sort of problem you need when costs are also rising. It would appear to me that they need to keep growing the recurring revenue which hopefully comes at costs which are controllable. Scaling up in these sorts of businesses is often the answer and they will have a legitimate excuse in that staff have been paid while not working due to lockdowns. Post Covid I would expect to see a quick turnaround of those costs to revenue figures. I am holding as I am underwater at the moment anyway.
ST1 Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
