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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It deserves a 3-3.5c SP on the current business, if not slightly...
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3 | 3806909 | 0.027 |
7 | 3601980 | 0.026 |
3 | 578000 | 0.025 |
3 | 290000 | 0.024 |
Price($) | Vol. | No. |
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0.030 | 2014937 | 5 |
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