MC ~36 mil
Shares 180 mil, 30 odd mil free float rest is with top 20
Cash ~6 mill
PERTH, WA, AUSTRALIA but based in Malaysia
Mobile phone company that offers two core products. One is the SIM Paste, the other is The Flexiroam App. The flexiroam app allows you to make phone calls in a country when you’re travelling at a very low cost, and they have agreements allowing you to piggyback off certain countries phone providers = better call quality. It also allows you to get a local phone number while you’re in a country which is amazing. SIM Paste allows you to switch seamlessly between your home network and another network when you’re travelling – a very cool product. It’s a film you apply over your SIM card.
Expect the quarterly on 30th January to boost their SP dramatically. In FY2015 they had 4.8 million in sales. In FY16 (over 5 months) they had 5.9 million sales. They have partnerships with many companies ie air asia allowing them to have broad marketing appeal.
Currently at lows at 18.5c, difficult to pick up shares with low volume but will gap up to 0.21+ at the hint of good news IMO. Disclosure: held.
