Solid interest brewing now. Looks like the SP has broken above 4c and is here to stay. Liquidity dried up, where this will loosen hard to say, but suspect somewhere north of 5c we might start to see greater turnover.
In my view a $20m market cap (~6.3c) could be justified on current revenue levels and the prospect of Riyo's growth alone. This is not intended as cross promotion, but companies like 9SP & KNO are $25-$35m companies operating in a similar space, and on a metrics and prospective basis, JCS stacks up. Any further north of that level I'd hope to see some business announcement or updates to drive further SP appreciation.
We hopefully should see the following in the next couple months:
- Riyo small business product update
- Riyo contracts, additional channel partners or even an update on existing deals (Epicor)
- Trading update (usually March/April if looking at previous year's releases)
- M&A activity, utilising the growing cash balance, M&A been mentioned in every report/webinar for the past 12mths, I'd expect DD is well underway and we're close to something here.
all IMO, DYOR etc....
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