NNG 0.00% 2.0¢ nexion group ltd

So a few things to get straight here:1. Paul is a young man with...

  1. 420 Posts.
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    So a few things to get straight here:

    1. Paul is a young man with an extended young family to support. He's an IT professional, not an investment professional. One man's $3k is another's $100k. Damned if he does, damned if he doesnt but that he did shows he's committed.

    2. Paul has three objectives; organic growth, acquistion growth, cost control. Revenue is up 300%, costs are down and acquistions are always being asessed. As far as anyone close to the business is concerned, Paul is delivering on all three fronts.

    3. The entire tech sector on the ASX is down and IMO its overshot. Case in point is MP1 where the experts who thought it worth $20 in December are trading it at $7 today yet MP1's revenue continues to grow at 14% or more. Apple, Goole, Meta etc led the tech rout because they are all dependent on consumer discretionay spending and advertising for the bulk of their revenue. Google for example generates $180B in advterising revenue but only $20B in tech revenue. These are media businesses. Interest rates have a significant impact. Nexion doesnt play in those sectors at all. NNG's customers are industrials and utilities and they continue to spend on mission critical IT because its....mission critical.

    Hope this helps.
 
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