Hi all!
I felt I was taking a chance when I purchased my shares after the October
update was released, but now I feel confident that Cellnet are well placed for the future.
https://hotcopper.com.au/threads/ann-trading-update-october-2020.5753555/
• October net profit before tax (unaudited) of $1.05m, up $1.02m year-on-year
• October revenue surges on the back of a successful Apple iPhone 12 launch
• Continued momentum in gaming anticipated with ‘Next Gen’ consoles launching in November.
Is this a turnaround for Cellnet?
Can Cellnet achieve another month of profitable sales?
Can they achieve consistent sales profit month after month???
The same question's were asked after the October update was announced.
and yes, they did it again.
https://hotcopper.com.au/threads/ann-november-trading-update.5813957/
• November net profit before tax (unaudited) of $1.19m, up 174% year-on-year
• YTD net profit before tax (unaudited) of $2.79m, up $2.04m on same period last year
• Continued retail momentum including iPhone 12 and console gaming accessories
I'm not going to try & convince anyone to buy one single share.
I believe the past & future results will speak for themselves.
Cellnet have made over $1Million (NPBT) Net Profit Before Tax
each month, for the past 2 consecutive months.
Will they achieve a 3rd solid month of sales for the month of December?
I'm not expecting them to achieve $1M NPBT for the month of December, but if they do,
then imo that will signal Consistency and a Buy for many investors watching.
I personally would be quite happy if they can achieve a regular monthly
Net Profit after tax of $300k.
Slow & steadily building the company & it's balance sheet.
I believe Cellnet have set themselves up well to take advantage of the 5g accessories
demand & of course the huge current demand for the play station 5 consoles &
accessories.
I can't help wondering what CLT's share price will be in a year or two from now if they can
achieve a steady run-rate.
If they can achieve significant NPAT over the next few months, then
we may have to start a new thread called- Next Dividend $.
There has been some obvious interest judging by the recent volume & price action.
Seems like this a quiet achiever is going through a re-rate.
Looking forward to the next announcement & the months ahead.
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