I'm hoping you're right and it doesn't hit $1.20... I just thought that might be the base. If investors are upset that with the 14% forecasted revenue growth and $10m loss (although normalised might be around $7m) doesn't show progress.
Agree mcd's is a good omen that they want to maintain their position size, it shows they're committed. But as you say they're setting themselves up for growth. I remember as far back as 2019 FY result they said that FY21 will be impacted by a setup in costs. Moreover covid has impacted their ability to sign new customers since February, like most other businesses.
I'm hoping they announce one or two new customer before yearend to get revenue beyond $30m and set us up nicely for FY22 and beyond.
Price at posting:
$1.55 Sentiment: Buy Disclosure: Held
