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upgrade fair value to 5c from 3c, thanks to good money from $14M CR@45c.
But how long this company will last is a big question.
26-Feb-2018: Appendix 4D and Half Year Accounts: half year ended 31 Dec 2016 revenues: $1M,
from back door listing prospectus: full year revenue ended 30 Jun 2017 is $10M, staff cost: $560K.
That means half year ended 30 Jun, 2017 revenue is $9M, assumed staff cost is $500K.
30 Apr 2018 March Qtr report: revenue: $5.1M, staff cost: $962K
17 Jul 2018 June Qtr Report: revenue: $7.0M, staff cost: $1462K
That means half year ended 30 Jun, 2018 revenue is $12M, increased 33%; staff cost is $2.4M, increased 380%.
do your simple math and you can forecast this company future.
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. . upgrade fair value to 5c from 3c, thanks to good money from...
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