sell down, page-19

In my opinion. Selling now, particularly if you are already down significantly (like me) seems like the risky move. The company is telling the market the ACV is standing and likely to remain around AUD $30 million. Todays market cap isn’t far off 2x that. As someone who works for a utility the story seems believable. They have under a hundred customers with the bulk of the cash coming from these slow moving giants.

either management are full of BS (I’m open to that possibility for sure) and we are getting closer to the ‘real’ price or they are just in an unfortunate position, with a bear market and poor sentiment yet the contracts are worth 30 mill AUD a year. If that the case, this would probably prove good buying. Not advice, but in my opinion, the risk is now in the selling.