Barriers to entry are also high with long lead times to setup infrastructure for the platforms, obtain licences to operate (AFSL) etc so yeah the market may be competitive but if Change can operate efficiently in their market, build a solid customer base and keep costs down then it doesn't make sense for the stock to stay under 10c long term. Eventually the market will price it accordingly. Whether that's 12-20c or closer to 50c is unknown.
Less than a fortnight to go until the market finds out whether they achieved positive EBITDA and cashflow breakeven at 30 June. If they do, I'd say 10c+ is on the table, if not, back to 6c. All IMO of course.
CCA Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
