They should have made some savings on executive salaries this last half and pay outs this financial year. Stability at board and management level helps. What chance of a dividend despite the unfortunate tax expense?
Pretty confident operating cash flows will show some improvement this half given the hard work done to improve service levels and system improvements. I noticed on their website they have been promoting some eofy deals for software upgrades. I also hope they have been doing a lot of hardware upgrades as well given the 20k government tax incentive which I think will only run for one more year.
Must admit I am surprised share price is hovering around long term lows but I guess at this time of the year some holders are selling out and taking the opportunity to get some tax losses. Presents an excellent opportunity to pick up some cheap stock.
COO Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
