Agree Finch, very much a scale game, given the sunk fixed costs (warehouses / management). Question is; how long will it take for all this investment in senior management to start to deliver returns?
The business certainly seems to have some good momentum. Over the last couple of months it has secured some new exclusive distribution agencies, won the NUUO Asiapac partner of year, working with cityrail on rolling out train station CCTV.
The stabilised Aud will help, as will improving construction activity - think about all the security required for all the new apartment buildings going up.
Let's see what the Q3 numbers show
QTG Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
