It is hard to know what the full year result will be like but I pay more attention to the CF statement rather than P&L as I have no idea of the recognition of revenue when one of these contracts are signed.
It would be pure guesswork without knowing the value of the contracts and how much can be recognised on signing a contract.
More important I believe is that the business model is intact and shows signs of increasing the quantity of contracts in pipeline. (I am not worried about how long it takes to sign up a contract and their success rate speaks for itself). Personally I think its gonna have a snowball effect.
It would be nice to see a contract pipeline update, merger update, rights issue update. Perhaps all three are interrelated and we they will come as a triple hit. ITE does have a habit of releasing information to the market in very quick succession.
What's your take AA, Robbo and others?
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