NET (ASX) NET It’s a new week

Originally posted by brett64: ↑

Bob, u a hard task master
SSI from what I understand generated approx 1.5 profit on turnover of approx 3.5 million but this is an estimate. Initially I thought it was more but really it’s the profit I like not the turnover.. They didn’t have a full 3 months either and I’ve bought quite a few businesses in the past and the first quarter results is full of extra costs Re buy out and rollover income often split between old and new owners.. so don’t read into SSI figures whatever they are too much.
Agree you comments Re 10,000 sales people as we were informed I don’t think it happened for whatever reason, you need to accept this..
The quarter for July aug sept 2019 was approx 280k, the oct nov dec had accruals of approx 580k... The company clearly stated its projections started Jan 1 2020 of approx 11 million for the following 12 months then upgraded this to approx 15.3m. This was
the first projections the company had ever bought out and it was before the virus..
So just don’t get your expectations too high for this quarter.. relax mate, last quarter was 550k hopefully it will be much higher than this .. it’s just the beginning..

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Well someone has to hold them to account lol. I've been told before that my dribble in here influences the SP Such power lol

No-one seems to want to talk about the 10,000 China Telecom sales people and the bundled packages that were locked away late July last year. JT actually said that in an investor presentation. Sales people get paid for selling, and they weren't selling NET - they were selling China Telecom bundled packages that happened to include NET product. 10,000 people is a lot of people. If they were selling 5 days a week since August 1 last year then that is over 150 'business' days. If they sold just one package a day each (they would all starve) but that would be 1,500,000 sales alone. No-one is talking about this, or wants to know. NET make all these big announcements and then just move onto the next 'thing'. The last announcement just fades away into nothing.

The same thing happened with Telstra and Rhype and Blue Tech and numerous others. Is China Telecom just another big announcement that has faded way to nothing?

It frustrates me no end. They are so keen to announce the next partnership or reseller agreement that they never actually lock any in, and no income of significance arrives in the bank account. Very poor management IMO. When you start something you should finish it off. They have a huge list of 'unfinished business'. What about all the pilots as well. Not another word about ONYX since the big announcement on 7 November 2019 - that's 5 months ago. No feedback as to how it's going. Is ONYX just getting it for free like everyone else the last umpteen years? Are they still using it? Did it work for them?

What about DI Advisory Services from 18 October 2019? Are they paying for the VINs? Have they signed up for 3 years? Are they advocates now out there telling all of their extensive network to use NET VINs?

It is actually time NET stood up and produced the goods. JT has been there for years now so it is not new management.

SHOW US THE MONEY