I think the risk/reward for this company at the present SP is heavily swayed towards the 'reward' end.
However, I just went through their 6 September presentation and the one thing I do NOT like about a company like this is the reliance on human labour. They mentioned 'staff numbers doubled' yet revenue only went up '171%'. Probably why even with revenue approaching $100m, cash flow is still negative. Look, I don't know a lot about the company so the increase in staff could be pointing towards higher margin business soon ... and if it is then a MC of $16 for this company is WAY TOO LOW!!
Your post has instigated me to investigate the company further.
CNW Price at posting:
1.9¢ Sentiment: Buy Disclosure: Not Held
