VN8 vonex limited..
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I am a bit disappointed by this report. They keep delaying the...

  1. toby9562
    291 Posts.
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    01/03/23
    09:00
    Post #: 66528859
    I am a bit disappointed by this report. They keep delaying the completion of MNF integration and in turn delaying organic growth.

    MNF integration was supposed to be complete by February 2023. And as per the screenshot below they should have been cross selling by now.

    https://hotcopper.com.au/data/attachments/5090/5090778-4039c67a23da72c5d7dda25fd1c00569.jpg

    Now they are saying integration will be complete in FY23. So they are potentially up to 3 months behind schedule. Cross selling and organic growth will have to wait until FY24 because they are too busy with the integration.

    https://hotcopper.com.au/data/attachments/5090/5090794-fb474f013fa06593f02613318982fc7d.jpg


    ARR was supposed to be $51m. It is now at $50m. I was predicting that they would be cross selling by now and ARR could have been close to $55m by the end of FY23.

    Frustrating delays but I still think they fundamentals and financials are good. Its a hold for me.
    VN8 Price at posting: 6.8¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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0.001(1.43%) 		Mkt cap ! $26.71M
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