Platinum, Thorpey has taken a company burning cash and making losses to one who then made a profit of $290K from memory and then $3,150,000 last FY with turnover up big time to 19.2 mil. That's a ten fold increase in 12 months which is why it went from 2c to 34. 34c was certainly a premium but 16.5c is ridiculous IMO given the global reach and likehood of success given the SingTel and Swisscomm is now live and working with significant growth (frustratingly without figures to protect their commercial interest and ours). The profit this year could hit $5 mil if things go to plan which again would be quite impressive.
He has since signed with SingTel, Swisscomm, Sprint, Russia x 3, Nortel, the entire UK, Perform Soccer, Healthclub, FiTTR, signed a further ad deal for $5.35 mil, games subscriptions likely over 50,000 from Aust only (as the chart indicates), other OS carriers in progress, turnover up another 30% min over $12 mil for 6 months, raised $12 mil, funds on the register including JP Morgan, bought Performance factory which will add another $1 mil profit/$5 mil turnover and I'm sure I've missed plenty. Who recons that isn't an incredible set of deliveries in a short time?
Most CEO's bust their backside each year to get 10% growth.
I have a lot invested in this stock and I have therefore spent a stack of time researching and getting across the business plan. Thorpey has done a remarkable job in this timeframe, as has Neil and the rest of the team. Tell you what the new Chairman also knows his stuff and comes from the UK which I'm sure is no coincidence given his accent and the recent deal.
I am biased certainly, but with a very good reason. I suggest you have a very good look at the fundamentals with the EPS at 1c minimum and rising, the PE is now only 16 which is extremely good value IMO. I recon Mr Q might even have a splash as he certainly knows value at these levels.
If I wasn't renovating my house I would be buying as many as I could.
DYOR
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