Let me say at the start that I have every confidence in this company's future.
However, the directors of ECargo are very good at giving sweeping generalized statements, which are usually out of date, and irrelevant for decision making. The "Outlook" aspect is always conveniently ignored which means there are no bench marks to judge their performance.
From my analysis, a cash break-even point was supposed to be achieved in the March quarter of 2016. A profit was expected in the June quarter of 2016. We seem to be still some quite a distance away from achieving these results.
Also, as an ASX company, it would seem appropriate to provide reports, in full, in Australian dollars, to assist clearer comprehension of the figures.
At present, I am frustrated by the information time gap of data available to directors, and when it is conveyed to shareholders.
Am I the only one who feels this way?
ECG Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
