It deserves a 3-3.5c SP on the current business, if not slightly more, IMO.
However, the neutral bottom line gamble has kept things at bay. I would hazard a guess the next report will reflect similar - some gross profit growth, more growth spend. What I would hope to see, is a somewhat itemised account of where the money has been spent and how the strategy has evolved? I would certainly hope we're not sitting here spinning the wheels not making much ground.
I understand these are incredibly long sales cycles, offering no guarantees and they are likely very slippery as competitor's CSMs put on their retention game - I believe this is all the more reason the growth spend and reward to investors needs to be a little bit more balanced. I'm not saying growth spend needs to cease, just capped - The board need to invest a little back into it's investors, stock would end up very tightly held.
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Last
3.0¢ |
Change
0.001(3.45%) |
Mkt cap ! $27.00M |
Open | High | Low | Value | Volume |
2.9¢ | 3.0¢ | 2.9¢ | $11.74K | 395.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 144495 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 293903 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 144495 | 0.028 |
6 | 3744124 | 0.027 |
3 | 1402299 | 0.026 |
2 | 2040000 | 0.025 |
3 | 290000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 293903 | 2 |
0.032 | 176000 | 2 |
0.033 | 573222 | 4 |
0.034 | 46773 | 2 |
0.035 | 884498 | 3 |
Last trade - 15.52pm 24/05/2024 (20 minute delay) ? |
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