ICR 23.1% 1.6¢ intelicare holdings limited

Well ICR are operating at a significant loss currently, so its...

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    Well ICR are operating at a significant loss currently, so its not an attractive investment regardless of the good product. The business has been going for quite a while before listing on the ASX so saying its a struggling new start up isn't that credible. It is spending too much but that is an investment and salaries taking a large pop off the funds is a good sign it is investing in its people and not cutting costs there. I am very for people being properly remunerated especially if they are performing a specialised value building task and doing it well. The business is not about cutting costs to show a profit, but making the best product and selling it to its target customers and setting it all up, its not as simple at BNPL platforms. Getting it going is a huge task and costly and shareholders will need to be patient and in meantime can top up holdings if SP drops.
    Last edited by VMG70: 31/08/20
 
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