TPC, if it went to $1 would still only have a market cap of $10 million!
“CovaU” Energy business was launch in April 2014 re-selling electricity and gas services into NSW SME and residential customers.
• Extensive investment in building systems, controls and risk management processes.
• Building management team and industry experience. (retailing consultants and recruiting where necessary).
• Driving consistent monthly customer and revenue growth.
• Customer and revenue targets have been met.
• Growth plans include expansion into Victoria market in March this year.
• The Energy business has become the core business of the Company.
• FY 2015 was a negative result due to the investment in building the Energy business.
• Revenues are on track for half FY 2016.
• We expect to reach break-even in FY 2016.
• We focus predominantly on the SME market, although we are building a share of the residential market.
• Deploy a direct sales team as well as a call centre who generate sales and provide customer support
• Management are constantly looking for non-organic means to grow the business, including possible partnerships, acquisitions. • Expansion into complimentary areas, such as increased share of wallet.
