agreed
post options there's a decent wad in the bank and considering they should break even this FY, there's some really good growth potential here. at 70m market cap there's already a bit of growth in the price but considering the model and how schools start year 7s and add a year level every year, there's a good chance for exponential growth especially when we consider all the acquisition cross selling. The software is scalable too, so we should see costs staying relatively consistent for the next leg up of growth whilst revenue ramps up. The only handbrake to the SP is the seasonal revenue model they adhere to but patience is key here. If we see around $4mill+ revenue next quarter it will lend credibility to the extrapolation of their business/revenue.
Should we acquire another business in the next year or so, that will add to the bottom line too. With all the cash in the bank, I'd say that appears very likely. We could afford anything around 2-3mill and be able to sustain the expense without an additional CR.
Digitising all textbooks is happening whether teachers like it or not. I had a young cousin mention that they decided to purchase an e-book because it was more economical as well as convenient and that's without considering the interactive overlay readcloud offer.
I've been watching this since it was mid 30's but am yet to step in because of some other long term holds but the story is starting to get quite compelling.
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