Surprised by the lack of commentary around this 4C.
We've lost some long term 'believers' in this stock over the past couple years so this forum gets quiet - apart from the spammers.
From the perspective of someone who has a dog in the fight still, this 4c reads pretty well - saying that, Q1 is generally the best quarter for the year.
22FY = $16.9m
23FY (1 quarter down) = $5.2m
With most of us wanting to see 20%+ growth per annum, that leaves us with $15m to get over the next 3 quarters. Who believes this is achieveable?
In terms of the commentary in the 4C, its good to see a minimum amount of forward looking comments and rather more significant progress announcements.
4 New partnerships/clients announced
- Work Club Global
- (Unnamed) telecommunications company in Aus/NZ
- Yirigaa
- Singapore Partnership
^^ It's hard not to be sceptical that this will be the last time we hear about these partnerships
The e-commerce play will be interesting to see how that plays out.
No regal funding has been accessed yet which is interesting - will that keep the SP down longer?
It seems they will need to access it and/or Bookers loan in the next 2 quarters at this rate as they only have $2.5m in the bank.
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