Yes, police checks are the lowest margin product that CV Check...

Yes, police checks are the lowest margin product that CV Check offer. While individuals are more costly to service, they are still at the core of any order and the ability for sharing results helps to retain that user from say going to a competitor.

The bundles offer a far higher price point and margin. The key point is that more and more companies are requiring more compliance and screening services. See Mc Donalds recently among countless examples.

Servicing this need is why the company will continue to expand. The fact many of these checks are done at source, make the data valuable. The reason police checks are the lowest margin product is because this data is only available from one source (Crimtrack). As CV Check begin to build the database further it will begin to become more valuable, not from the sense of necessarily selling that information, but from how sticky it will make customers (corporates) for the compliance requirements they have.

The NZ opportunity has yet to come to fruition but as the regulations are enforced and corporations must comply, there is a strong probability this revenue will grow. The company has reduced their expenditure, revenues are growing and the shares have fallen. While investors do get discouraged from the lack of results. Fast Forward a year and the company is through break even, profitable with multiple growing revenue streams, it's likely to be valued far higher than it's current share price reflects. But it depends what your investment philosophy is and if you believe they will get through to profit.

I really struggle to understand why people on hotcopper continually post rubbish opinions on stocks they don't own, or intend on owning. If people posted valuable information more often, it would really make the forum a far better place.