As mentioned in an earlier post, in the Dec 17 announcement, after a trading halt,it was stated that on boarding would commence immediately, with revenues starting this month:
"Onboarding and integration will now commence, with first revenues under the Agreement expected tocommence from March 2019 to be completed by 1 July 2019. Revenue generated by BID under the agreement is currently expected to contribute 18% to ASR once all the meters have been on-boarded."
Allowing for Christmas hols, that's 2 months. A deal that causes a trading halt doesn't even warrent a mention in the half yearly? Not even a one liner about progress? And yet the expected annual service revenue and the "meters under management" from this deal are already included in the key metrics? Management definately needs to issue some sort of update on this. Otherwise it still looks like "smoke and mirrors" to me.
It is still a small co, and optics are important.
BID Price at posting:
$1.16 Sentiment: None Disclosure: Not Held
