Great presentation.
The market is missing this completely.
Cash is now $3.2 mil in the bank. Increasing every month. Thats 3.2 cents per share. Debt is gone.
Overseas businesses gone. 33% ebit on Australian business with new more profitable Telstra contract and Vodafone contract only begun. The optic business becoming profitable this financial year.
New businesses being evaluated.
Market cap is $5.1 mil less $3.2 mil cash leave $1.9 mil.
The net profit this year without the unprofitable businesses and restructered reverse contracts will look like something over $2 mil.
Very undervalued compared to other IT/Telco companies trading on big revenue multiples and not making a profit.
Ann: CEO presentation to shareholders , page-2
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