Rose Coloured glasses removed
Clearly the market/price has spoken with its view. I think Fudgy selling at 6.9 is in a much nicer spot to make this call than I am holding a little underwater.
(ADO quantum dot video is very interesting thanks Fudgy. As was Nanoglue )
Rose Coloured glasses back on - Highlights of my read of yesterdays 4C read between horses running.
"The company now provides a broad exposure to Chinese consumption and is not dependent on the success of any one particular product"
and my favorite
"Subscription Billing - As alluded to in earlier releases, the company invested significantly in its Subscription billing business over the course of FY16. Importantly, this investment is expected to deliver the company revenue in FY17 that comes without any additional direct costs (i.e. ~100% Gross Profit Margin)."
If the company delivers on this second items I wonder if my Broome marathon money will recover for a run. (I used my airfare cash for SMA investment).
ROI is needed for SMA current and past investment. If they get "100% Gross Profit Margin" it would be a reasonable ROI though my view of ROI might count the actual past costs before assuming 100%.
SMA Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
