I’m talking to myself in this forum but mark my words... when the smart retail wake up and get on board and then ultimately the instos jumping on board again, this will fly and hopefully then there will be more discussion here.
We are so close to CF breakeven (minimal cash burn moving forward. In fact LMS was referring to Xref as now being a no cash burn business) and if we can continue to onboard big clients and as the workforce returns to work, I believe that we will achieve profitability in due time. 1/3 permanent reduction in workforce knocks off close to $4m a year in expenses. Also, permanent closure of offices/leases have seriously reduced overheads.
Imo, this is one of the biggest no brainer multi-baggers out there on the ASX. Recent raise at 33c, employee shares at 18c, Director buying at 20c, $5m debt facility established...
This post will age nicely
XF1 Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
