Reasonable comments by most.
An exception would be @sofftel who seems to be posting on the wrong company again lol...
@GrandCombin .. nothing unusual for results to be released after market close on the final day - a high percentage of small-cap companies do this. I don't like it either but in this case, imo, if this set of results came out in the morning, we'd already have seen 2c so the sp has held up quite well.
@Timbel and
@dubspec - those logos for Flight Centre and Hello World are probably down to the the agreement with AFTA to be the vehicle in processing chargebacks/claims. They could prob put every Australian travel agency's logo there but chose two of the more popular ones - nothing to be bothered about really, just a bit cheeky.
Down to revenue predictions...
Well, they just received $1.68M R&D Grant last month to kickstart FY19 (At the end of August 2018, available cash and equivalents was $7.3M. The Company in August 2018 received R&D Grant of $1.68M.)
Add to that the minimum 40% trend of revenue increase (from $2m to 2.8m) and we're already on $4.48M.
This isn't counting in non-recurring revenue which had a 40-ish% decrease from FY17.
The NETS revenue/uptake only went live in April this year and was slower than expected, however, around $1M in transactions still went through our facility in that short time. As the year progresses, naturally so will transaction revenue via NETS.
Considering it took over a year for NETS to be implemented and go live, I'm not expecting any revenue from UOB until FY2020 but we might be pleasantly surprised much earlier than that. There were multiple hurdles to negotiate through for the NETS deal, regulatory and Governmental, but the fact that everything was successful there, the same processes should be a walk in the park now for the UOB heads of agreement.
No point in speculating on any potential HoA's with the other two owners of NETS but I would have thought something in this respect will/has been be spoken about.
At the end of the day, they'll easily hit $5m revenue for FY19, they're nicely cashed up and if they can have a tight control on costs, profitability and sp re-rate will follow.
Finally, I would like to have seen a breakdown of how much NETS refunded Mint for implementation and technicians' costs - IF it has been refunded yet. If not, that's even more revenue going straight to the bottom line.
As Timbel says, around 70% of the share registry is tightly held which is in itself a nice advantage for those of us who have a slice of the remaining 30%.
Looking good and a corner has been turned which should start bringing rewards for holders.
GLA
AE
