PROPHECY INTERNATIONAL HOLDINGS LIMITED (ASX:PRO) - Ann: Prophecy FY23 Results Investor Webinar - 7 Sept, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by 10XMinimum: ↑

Below is the link.

Some off-the-cuff notes, and I'd love to hear others' thoughts.

I particularly want to go back and listen to the part toward the end where Brad says, (I think I got this right) that if the business grows at similar rate the Gross Revenue will be 50m in 3 years. I'd like to see the math on that. That was not how my math worked out. Also, I like that he had a hint of irritation on how everyone is now talking about profit where a couple years ago we were saying, "Spend to grow!" He's right, and I think I know the answer to why that is: These modest growth rates (relative to total dollar, 20% is a lot when a company has 100's m in rev but not some much when only 20m) are not what we were looking for from a company that only has small dollar revenue and so, since we see that growth is mid, we want some profit. Shareholders want profit. And also EBITDA profit is not a thing. I took accounting. That's just some accounting bs companies use to trick shareholders. You might as well say "Imaginary profit" (Charlie Munger). And one more thing, I think it is true what he says about why PRO doesn't get more attention or has a bad rap among institutional investors. 1) 40 years of being a fledgling software company doesn't look great, 2) low share count (liquidity); and 3) seemingly unrelated product offerings. (My note, but ultimately low share count is an investors friend) And yet, it seems they start every event talking about being a company for 40 years. For my money, they should have started over with new name and new ticker when they went exclusively Emite and Snare (2017?) and left the past behind.

With all the foregoing criticisms, I have to say I like his answer re last year's spend. The ipaas (did I get that right?) and Philippines seem like really good moves. If this company is what he says it is as far as the quality of the products and it's position in the market and the insane number of global big companies and yet the revenue is only 20m than it needs more rev per customer, and it seems they are moving in that direction with Snare Central and ipaas.

I'd like to see someone else take the reins if the stated '24 goals aren't achieved. That is only fair. He's got 10m in the bank on a company that only has 20m in rev, he's got 2 big initiatives completed (ipas and Philippines), staffed-up, what else does he need? He's even got a head start, given that he indicated some big invoices didn't go out until just after end of reporting period. Either big rev growth or profit or a reasonable combination of both (yes, I'd accept bs EBITDA "profit" with really good growth, say 25% minimum)

One other thing, one of the reasons PRO doesn't get any attention is because they don't get on any podcasts, blogs or on any twitter threads. This is how micro caps are recognized these days. I don't know why they don't change this? Maybe it is best to wait until they are profitable.

Your thoughts?

Expand

Great Analysis. Appears the frustration i am feeling is justified. Never felt Brad was a proper CEO, and if it was an operational hire to change things around, maybe its time for a out and out Sales led CEO.

I also agree on their Social media position. They have been and are virtually non existent in the universe of LinkedIn, Twitter and other platforms, and what they do have is very amateurish.

Hopefully we see some progress or shares could be sub 50c by the end of the year. They have fantastic products, great staff but something doesn't appear to be clicking, ans its hard to put your finger on it.

No.	Vol.	Price($)
2	29413	87.0¢

No.

Vol.

Price($)

29413

87.0¢

Price($)	Vol.	No.
88.5¢	5521	2

Price($)

Vol.

No.

88.5¢

5521

No.	Vol.	Price($)
1	10457	0.865
1	2500	0.860
2	13750	0.800
2	10650	0.770
2	4800	0.750

No.

Vol.

Price($)

10457

0.865

2500

0.860

13750

0.800

10650

0.770

4800

0.750

Price($)	Vol.	No.
0.885	5521	2
0.890	3675	1
0.900	19200	2
0.915	25882	1
0.940	30000	1

Price($)

Vol.

No.

0.885

5521

0.890

3675

0.900

19200

0.915

25882

0.940

30000

(20min delay)
Last 87.0¢		Change 0.000(0.00%)		Mkt cap ! $64.05M

Open	High	Low	Value	Volume
87.0¢	87.0¢	87.0¢	$4.861K	5.587K

Ann: Prophecy FY23 Results Investor Webinar - 7 Sept, page-3

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Prophecy FY23 Results Investor Webinar - 7 Sept, page-3

Top Stories

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News