ALC 2.04% 4.8¢ alcidion group limited

Newbie query and off topic chat

  1. 70 Posts.
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    Hello everyone, I'm interested in this company and the management looks good. I know the field they operate in too. Im after some advice from the veterans here. Could someone explain why their margin is so low ? They are essentially a software company but their cost of business is 6 million out of total revenue of 8 million (recent report). I cant understand why. I'd have expected it to be much lower. If it is a company that has hardware then its understandable. I'd appreciate your take on this. thank you
 
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