Hey Stealth, thanks for your market research, nothing gets past you! I see the last few industry developments as the 'moat-erroding' news (for BCC) as with various competitors appearing in the market it reduces Zoleo's future/potential marketshare and the associated ARR.
A few months back some holders were saying that iPhone competition was also good news - BCC's SP haven't recovered from that (we were trading in low .300s at the time). Now we have Garmin marketing a 1-to-1 replica of our device and some holders also think that it may be good news, which it is not, as it presents more competition to BCC in already a pretty 'niche/boutique' market.
BCC needs to take some pretty urgent actions around both placing their product into the corporate and governmental space (B2B) as well as communicating the Certus commercialization pathway to the market. At this rate FY23 is not going to be BCC's inflection year but the year of BCC's inability to remain competitive/cashflow positive.
My bullish sentiment may be wavering as I am getting slightly frustrated with my BCC position of 2 years that has not resulted in anything but pretty substantial loss over the last 2 years. I am going to be sticking to my plan and hold till Jan 23, really hoping for some positive sentiment/news for BCC.
BCC Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)