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6.1¢ cirrus networks holdings limited

@Charlie73 I was looking at all the posts you make, and...

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13/03/20

10:47

Post #: 43469627
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Originally posted by Charlie73: ↑

They are just spinners. Look at the facts. Product sales drove the revenue higher than managed services....but you don't want to pop that in the headline! Add up all the managed service announcements in the past 2yrs and we should have seen double digit....why haven't we? Because it's spin and they don't announce the losses. The bad cash flow won't be coming back...because net current assets went backwards over $1m. How can this be when EBITDA was positive...something up! Directors look useless on paper, need a team that can contribute to the business.

Now the reality is that IT services is tough, always has been since the arrival of the big offshore entities about 10 yrs ago. So why don't you just say so? Take a look at EPD, Share price hasn't gone anywhere in 10 yrs despite all the wins and acquisitions. Others have either gone backwards too or bought out. I wouldn't be listing an IT company with any services in it, just pure IP or Saas.

WAM should have known better. They will exit within 6 months as they don't tolerate spin.

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@Charlie73 I was looking at all the posts you make, and everything you write is SELL SELL SELL.

CNW Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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