CNW 0.00% 6.1¢ cirrus networks holdings limited

I'm not holding because they aren't worth much more than 2c....

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 245 Posts.
    lightbulb Created with Sketch. 13
    I'm not holding because they aren't worth much more than 2c. Market cap of $18m is about right. Reported EBIT will be about $2m (ignoring all "adjustments"), so trading at 9x. To invest now, you have to believe they are going to have a terrific 18 months. Not sure that is possible in this market as a reseller.
 
watchlist Created with Sketch. Add CNW (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.