Interesting ann BTH today, model forecasting cash neutral...

Interesting ann BTH today, model forecasting cash neutral against recurring rev's dec 2018.

Tech SaaS play, share price has had no momentum last 2 mths.

Management have stated 35 - 40% revenue growth will be achieved or exceeded FY 19, current revenues approx 15m, customer base strong with strong % of tier one.

Mgnt seem fair dinkum, tend to over deliver.

Have been following for quite some time (actually held but stopped out, timing) looking for further weakness in SP as anomoly to increasing integrity of model.

One negative (imagined?) is why the guidance affirmation today? seem to have plenty of cash +20m on back of recent SPP, maybe just garages natural skepticism.

Like these type of setups, model approaching stage where risk profile will be lessened significantly going cash positive against MRR and SP no current support.

Would not be buying tomorrow, one for the WL and looking for momentum.

Hound does not hold (at this stage, but paw hovering on buy button pending TA affirmation).

cheers