Euroz raises its target price on Yojee, page-18

Why embarassing?

Because the sp has gone higher?

Do realise the true reason behind the rise.

Your management continue to play this announcement game, just think a deal that is simply just another normal transaction which cant be quantified , yet made into a big deal, just like all past announced transactions. Plus its a South East Asian deal, even a million baht is not worth A$50k ! That is the quality of announced transaction you get with Yojee!

If you do not believe me, check their Malaysian transaction - how much did that contribute eh?
1 Malaysian ringgit is only worth A$0.30

Announced mid-Nov 2018
YOJEE & AERO LINE TO DIGITISE FIN-LOGISTICS IN MALAYSIA


And this Geodis announcement in May 2019, how much did it contribute to revenues a year plus later
3 YEAR SaaS AGREEMENT SIGNED WITH GLOBAL LEADER


Continue to dream. Good luck.

Just that any new entrant ought to do their due d before plunging into this overhyped overvalued speculation that follows the GSW playbook of announced deal to spruik its share price (with real success). And it is to this group of new entrants that this post is directed at.

If you guys must ramp up the stock, provide real evidence. Do not just say dwell on the future not the past- because that is as best you can come out with, but failing to see its the same "rinse n repeat" strategy of announced transactions with this caveat

On this Siam deal
"In Yojee's view, the subscription fees and variable per-transaction fee are not financially material at this stage due to the variability and difficulty in estimating country roll-out and transaction volumes. Yojee will provide progress updates in its quarterly reporting and as otherwise required."

If Yojee truly can envisage this to be one capable of becoming a material deal, then one can expect them to say so.

The terms of their agreement is loosely structured similar to GSW that there is no loss to the customer signing up as there is no real obligation to transact. Good companies do not need to announce such BAU transactions unless material in nature. Do you see Appen do that with all its customers? Its like a small company putting out its list of customers which includes Telstra, when actually the transaction with Telstra was probably once-off and insignificant. Nothing more than to create perceived business traction, when the reality is quite the opposite.

Yojee is now an incredible $200m market cap company with an annual revenue of under $1m, that places it amongst the most overvalued overhyped small cap with an unproven software app IMO. Even if you believe it will generate big revenues in coming quarters, can you seriously believe it will make $10m revenue in the coming year, a 10 fold rise? And with that, its market cap/revenue ratio still remains 20x, four times more than the typical proven SaaS company operate at.

So embarrassing for me not, on the contrary it is embarrassing that market participants can be naive chasing prices up not exactly knowing the true state of where the company is at. The company's huge valuation is well ahead of its progress, make no mistake about that, and that is something you should be concern about .

Naturally you do not like my post because I am the only one offering an alternate view to the regular cheerleaders here.

But yes, you have made your money and that is what that counts so you say , and on that, I am wrong and you are right and good for you . But that is different altogether from saying that the company is worth the salt it is trading at.