I don't quite understand the market reaction to the result. As it looked reasonable - $18m operating cashflow, $20m EBITDA. NPAT impacted by one offs in previous year.
I'd like the company to show more clearly the subsciber adds, as seperate from the desktop conversions, as they still have a large client base on desktop products which are slowly migrating over to cloud. I think one slide mentioned 700 desktop users converted, which would be ~4300 new clients wins. Plus the 20k from the recent acquisition... 2025 should be $60M+ revenue.
Company has not given Dividend guidance, though I'd expect they can maintain the 2.5c moving forward, and still pay down down debt (2m pa). Anyway - Market has a different view to mine. I topped up slightly at 52.5
RKN Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held
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