Had to drop the call 38 mins in, got caught by the boss:eek:...

Had to drop the call 38 mins in, got caught by the boss

There was a alot of focus on the operational slow down for H1FY17
underlying profitability EBITDA and EBIT poor due to efficiency delays in integration of cloudhosue and infoplex, due to be better FY17

Projections
EBITDA $4.7m up 13% to $6mfy17
EBIT $.9m up 2% to $1.5mFY17

Get the feeling Anthony was under-promising so as to deliver or over-deliver.
He believes that these issues are behind them with the rebranding of cloudhouse as BPF NZ.
Allegedly reflected in the EBIT growth for FY 17 circa 86%

Doesnt foresee Capex in fy17, beleives that is behind them with the acquisitions
apart from product development

Mentioned that some of their expected revenue not present as they have to adapt to customers not necessarily requiring BFS IaaS, AWS, cloud services as a whole

To evolve in this space they need to offer ad-hoc/piecemeal services to their clients as opposed to all or nothing.

No foreseeable staff increase, did mention the two new mgmt changes, both in high esteem

Sees a greater demand in Development operations from customers

Kylie(CFO) was a bit loose.
Was questioned re the "consumerables used" $10.6m to $20.6m and "other expenses" $4.2m to $7m.
I got the impression the caller was implying a bit of creative accounting.

All in all, impressive results, tho i thought that at end of H1Y16. I think the market was seemingly wary of the acquisitions and priced that all in, with a little hesitancy still present.

a good next qtr will see a rocket under the share

It will be carnage if it is a mediocre qtr, that is to say targets arent on track to make the rev of $60m, EBITDA of $6m and
$1.5m(86% increase) of EBIT

srm777