The company was very positive (and I think many of us were also very positive) on the likely sales booster of the monthly plan in NZ which includes the purchase price of the watch and the cost of the SIM card. This data appears to back that up. Also as mentioned in this thread, there are bound to be a number of these watches still under the Christmas tree unopened and not showing on the app data yet.
With the success of this monthly plan in NZ, there will be a likely similar monthly plan/plans in Europe with the telcos that the company is currently in discussions with. NZ has a much smaller population than Australia but it appears that sales per head of population may already be higher than in Australia. Europe has a massively larger population. With a monthly plan/plans introduced there as well, the potential in Europe is starting to look so much better. None of this is reflected in the sp yet. This stock has so much more upside still. This drag from the US market can’t keep a lid on the sp for too much longer.
MWR Price at posting:
$3.75 Sentiment: Buy Disclosure: Held
