Ann: March 2017 Quarterly Report and Appendix 4C, page-44

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    happy holding here.
    will look to increase my position if it dips to low 40s to re test the low as i suspect it might given the headline downgrade.
    the announcement that they will no longer be running at a loss despite the rapid expansion by 2018 is an exciting announcement. if they can avoid further CRs which seems likely given strong cash position and no debt, they will be well leveraged for eps growth in 1-2 years.
    if they continue to enter new markets and ramp up the number of sellers and marketing, they should be able to grow sales >50% pa for the next 3-5 years.
 
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