It looks like we are back to where it all started at 2c, except this time they are cashflow positive with a well established digital marketing business which has massive potential globally.
When I bought in 5 years ago at 2c they were making losses, had zero cash and we hoped they would go cashflow positive that FY, which of course they did.
Yes they have more shares on issue, but at 2c with the cash now secured (TBC), there is a stack of blue sky ahead IMO and it's very pleasing to see Neil and Ian are also participating in the SPP.
I need to find some spare coin to participate also as this is a buy for me at these levels and I'm very happy to wait 1-2 years to see it rise back to 20c plus if they get the EPS back over 1c. If Neil gets his high margins, just watch them do exactly the same as last time, but this time with a much more sustainable and credible digital marketing business. After speaking with Neil at length at the AGM, I believe he will deliver big time.
Accumulate at these base levels and put in the draw for a big kill IMO.
IMS Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
