I expected alot more cash on the books at this stage so overall...

I expected alot more cash on the books at this stage so overall i am disappointed and the dividend is only 1/2 cent. I believe the company should be concerned that they are a take over target and start consitantly rewarding investors to attract some micro cap funds if they aspire to start moving towards the top 300. If they are confident in cash growth then it's time management committed to regular dividends .

Faking The projections for cash flow increases might be coming from the significant increase in life time value (LTV) per customer in Webcentral with 56% growth from $1.3k to $2k so it seems to be moving closer towards MIT LTV of $3.7k. Higher ARPU and stronger retention rates is a good sign for lifting cash and EBITDA margin. Godaddy operate a run rate EBITDA of 22 to 25% so i suspect the Webcentral EBITDA run rate of 18% will continue to grow which probably helps cash in addition to LTV

Source

	20 Feb 2022	11:17pm	WCG WEBCENTRAL LTD	WEBCENTRAL LTD	no	Half Year Results Presentationopens new window 1462KB

	22 Aug 2022	WCG WEBCENTRAL LTD	WEBCENTRAL LTD	yes	Webcentral FY22 Results Presentationopens new window 2653KB