Stumbled upon this one. Definitely one to do some more research on. Seems to have the potential to breakout next year should they continue to show large revenue growth. When you look at the fact a competitor pulled the pin during the year. The company has NO debt. Sufficient cash in the bank and only 55m shares issued meaning evening a 2m profit with a PE17 would see this double its current price (for those traditionalist or nervous about what global markets will do in 2020) and with a market cap of only 16m and the top 20 holding >70% this one may stay under the radar for a while.
In terms of a price sensitive update the ASX makes the final decision (regardless of what a company may decide) on that or more specifically ASX MAO (market announcement office).
RCL Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held
