CI1 0.00% 11.0¢ credit intelligence ltd

Ann: Profit Warning, page-75

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  1. 6,643 Posts.
    lightbulb Created with Sketch. 1626
    Well they paid dividends until 2022 from when Mr Wong decided to pay himself instead of shareholders.

    https://hotcopper.com.au/data/attachments/5863/5863559-a5855c382e62964dcf7cb49bb96af411.jpg
    Mr Wong appears toxic for the company based on his remuneration, 2021 was like $300k, I don't care how good he may have been that's completely unreasonable and you could get someone brilliant for a quarter of that.
    https://hotcopper.com.au/data/attachments/5863/5863568-4cfaacc2d226084ae9f10ff075afea0b.jpg
    The cashflows from operating have increased nicely YoY, and most of the loss on the income statement are non-cash items such as impairments.

    https://hotcopper.com.au/data/attachments/5863/5863576-dc4e21ce5e151df797fb2bef1fac393a.jpg

    At face value it appears cheap at the current MC, lots of upside if sentiment returns and I suspect the P&L statement will not be hard to improve with the cashflows they have...
 
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