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6.1¢ cirrus networks holdings limited

Depends on the type of revenue their getting. As I understand it...

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tbinvester

245 Posts.

22

19/05/17

14:39

Post #: 24797535
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Originally posted by newieboy ↑

Considering they pulled in $18.6m revenue in the first half, doesn't seem like a forecast of $40m+ for the full year is any great leap forward, especially given the acquisitions that have been made since the half-year report, which were forecast to be earnings-accretive. I mean, it's nice and all, but frankly I was expecting the growth factor to keep snowballing, and it doesn't look like it has to me.
The lack of news out of Canberra is a negative. I'm not sure what to make of Richmond heading off to the UK and stepping back, but it doesn't seem a positive. All in all a bit of a mixed update.

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Depends on the type of revenue their getting.

As I understand it there revenue can be bumpy due to it being based on hardware purchases, therefore not necessarily guaranteeing balanced incomes.

Always happy to hear others opinions however so please correct me if I am in fact mistaken.

CNW Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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