Always useful to see the numbers like that on paper and I had not done the maths on the cash position, but looks healthy and its likely they are ferreting away for another acquisition
What I like about Eaglesofware purchase was the APRA of $300 per agency vs $210 for the Proptech Group. If they can bundle more functionality in and increase prices, that is a pretty significant increase in revenues.
One think that I can't work out is that in the Investor Presentation (28th Jun) they indicated that Annualised Monthly Recurring revenues were ~$12.3 for PropTech, but the cash receipts for 4Q were significantly higher than the AMRR would imply....I wonder why that would be the case given most cash receipts would from recurring revenues.
PTG Price at posting:
71.5¢ Sentiment: Hold Disclosure: Held
