''Elmo announcment'' half year investor presentation = company broke even. Good EBITDA growth.
investor reads audited accounts....
oh actually we lost 13m we just didn't want to make our investment report look bad.
CEO commentary, wait one moment while I take 1.2m Aud as my salary, and I'll continue running this company into the ground.
Elmo is a typical asx piece of shit like bigtincan and afterpay. Just because you increase your revenue doesn't mean it's a good company. These types of companies just raise money every year to idiot investors. This meaning the executive team keep their massive pay checks (totalling 5m+ PA for a company that is bleeding money) and they continue buying revenue for much more than it's worth.
Steer clear.
Its clear that PYG is actually running a business not just taking their share holders for a ride.
ELO Price at posting:
$4.93 Sentiment: Sell Disclosure: Not Held
