Yep that's fair enough, and a balanced debate and disagreement is better than everyone boasting the SP up, but I personally see this as an important step in the company transitioning out of the covid induced slow down and ensuring they keep the market informed. I'm also biased because I wrote to the company asking for more detail!
I do agree that on recent historic performance 12-18mnths the growth isn't amazing. However IMO if you took out covid impact it would be amazing, the Cardhero announcement alone represents a subscription revenue growth of 19%, and that's only 15% of LWoB - so quite literally the growth runway exists... I don't think we will see another Cardhero contract win in the next 6mnths, as others will want to be first follower after a successful rollout... But I do expect further contract wins after the end of the FY.
I see weight behind the 8CO strategy as it does not require significant additional capital and has significant operational leverage, much like PPH, neither get the limelight. However I am much more comfortable with my investment actually seeing a sustainable return - compared to other growth stocks in the industry with the hand out doing CR's every 9 months to fund said growth.
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Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $7.619M |
Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.4¢ | $1.041K | 30.62K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5880 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5880 | 0.034 |
1 | 240000 | 0.033 |
2 | 127815 | 0.032 |
1 | 59097 | 0.031 |
1 | 33300 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 100000 | 1 |
0.037 | 2550 | 1 |
0.045 | 83126 | 1 |
0.050 | 65000 | 2 |
0.067 | 65789 | 1 |
Last trade - 15.28pm 14/06/2024 (20 minute delay) ? |
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Last
3.4¢ |
  |
Change
-0.001 ( 3.03 %) |
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Open | High | Low | Volume | ||
3.4¢ | 3.4¢ | 3.4¢ | 4380 | ||
Last updated 15.28pm 14/06/2024 ? |
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8CO (ASX) Chart |