Well done Ted and congratulations to all patient share holders. This is the new beginning for EN1. All the hard work that Ted have put in and gone through to turn this company around have now paid off. The balance sheet is now in the much better shape since listing.
- The legacy debt and falling revenue in the past were a no no for major investors. Now with a much cleaner balance sheet, coupled with increasing revenues within an industry that is clearly moving and shifting to programmatic advertising as proven by how much the industry leader TradeDesk has been gaining and loved by the market, I strongly believe value investors big and small will now start looking to park their money with EN1. The nice sp trajectory journey will start from today.
When reading this half year report, one need to remember that even though it is a report of 6 month operation, the whole improvement was lifted by the last 3 month performance. This indicates that the next 3 months and 6 months will result in a far better balance sheet. In other words, if we look at 6 month performance from April to Sep, the balance sheet would put us in positive current assets and NPAT. I believe this will not be lost on smart investors because Ted has indicated Aug rev is the best month so far for 2019.
Amazing turn-around in just 3 short months and beautiful road ahead!