PRO 5.50% 51.5¢ prophecy international holdings limited

Ann: Q4 FY24 Business Growth Update, page-21

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  1. 63 Posts.
    lightbulb Created with Sketch. 55
    No doubt. It really is bananas. I bought in at .50 four years ago. They have since nearly doubled their revenue, raised cash and have more in the bank than what they raised, vastly improved all their products, and are just about to turn the corner to profit--when in 2020 they lost 5.5 m on 13.5 in revenue. So for my four years wait, the share price today is .13 cents higher! It's laughable.

    Thank God I judge companies by their financial statements and products and not by their share price fluctuations. I've never been more confident and am frankly glad I get another bite at the apple.

    If you are a value investor, it doesn't get any better than this. You buy in based on your research, they do exactly what you hoped they would do for for years and then you get to buy more at nearly the same price, right before they turn a profit, but now with nearly all the company execution risk taken out of the equation. There is no such thing as a sure thing, but overall, management has performed and the market likes the product, and I have no reason to think any of that is going to change.

    Cheers,

    10x
 
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