Since investing long time ago, all I see with this stock is a bloated share register including a 200m performance share issued to management. The stock has its moments, due to periodic speculation especially in response to announcements, but lately it is not doing the trick. Revenue model is not robust - small valued contracts and not enough volume (though I understand its building) and implementation capability questionable after losing the Scharff deal. In the early days, it was playing the announcement game similar to GSW , all talk (collaboration etc ) no delivery (announced then all quiet)...and you may not agree but I believe that if its software app was any great it would be focussing elsewhere (like US, Australia and Europe) and not SEA.
Stock's fortune is beholden to major shareholder support- when it comes off you'd be the last to know and would be too late by then. So next quarter 4C would be important but I am not holding my breath to expect material AUD translated revenues - you have already been told pipeline is just $1.2m over 24 months! Thats way too short for a company trading close to $50m valuation.
YOJ Price at posting:
5.0¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)