CLT 0.00% 2.6¢ cellnet group limited

YearClosing Price (30 June)Last Trade2020$0.03630...

  1. 83 Posts.
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    YearClosing Price (30 June)Last Trade
    2020$0.03630 June
    2019$0.2028 June
    2018$0.36529 June
    2017$0.2628 June
    2016$0.1928 June
    2015$0.1930 June
    2014$0.16530 June
    Look at the table above guys. This company got hit hard early 2020.
    Prior to that, it has been trading well above what the SP is today.

    I really suggest to stop panic selling, because you may regret that very soon.

    October 2020 Trading Update shows significant improvement of the business.

    October revenue (unaudited) of $12.6m, up 18% year-on-year
    • October net profit before tax (unaudited) of $1.05m, up $1.02m year-on-year
    • YTD net profit before tax (unaudited) of $1.60m, up 410% on the same period last 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

    The next quarterly will be including the sales of Christmas, Boxing day and so on. It will be an even better report than the latter.

    Once the company proves itself with ongoing and recurring positive quarterly reports, you can expect the SP to head north of 20c.
    The only reason the SP has yet to do that, is that people are still worried it may be a "one off". However, the upcoming quarterly will prove that to be false.

    If anything, i would recommend averaging down as much as you can, because the SP will not be at this level for much longer.
 
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Currently unlisted public company.

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