SPX 9.09% 1.0¢ spenda limited

big kev- you still excited .., page-20

  1. 4,435 Posts.
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    well it's certainly in a good sector with potential for lots of contracts and growth but unless the contracts start hitting the bottom line then its hard to see this worth what people are paying for it now, lots of potential (in theory) but lots of potential risk attached too, currently the company still has to prove itself and that last half yearly was very very disappointing, all I see is a heap of dilution and nothing to show for it so far.

    To support this Market cap we really need to see a 4 million Npat instead they showed us a 4 million loss.

    so the difference of 8 million Npat is needed to warrant the current price.

    A very interesting company, I will be watching for the next report to see whether they are making progress or are just full of hot air, contracts and acquisitions are only useful if the add to the bottom line, i.e Npat (Net Profit After Tax)
 
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