ITE i.t.& e limited

remember be cool and patient, page-6

  1. 10,097 Posts.
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    The most patient one could well be the one left holding the can.

    The company secretary has no idea what he is doing. He puts out a misleading announcement about a rights issue at 28 cents representing a premium to then 19.5 cent trading price and then a week later says the rights issue is actually at an effective 14 cents which is a massive discount. I just hope the company secretary's capabilities are reflective of overall management

    There is a complete lack of information from this company about any of its progress. When they do announce a contract win they never announce what the monetary value is. Most IT companies state the upfront licence fee and the ongoing maintenance over the contract. We don't even know if the contracts they obtain are even profitable.

    A company at this stage of its development should be providing the market with monthly market updates and monetarising the value of its contract wins.

    The complete lack of communication only makes investors nervous and irrational. Maybe there is good reason to be !
 
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