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06/01/20
12:53
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Originally posted by Timbel:
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I believe this business is highly undervalued in particular with the growth rates if is achieving through its direct travel business. This is a tech company with a payment platform that is flexible and open to many integration possibilities. We are finally seeing some fruits with the travel business. As for capital raising it has over $5M in bank as at last quarter. i agree that forecasting is not the best as they predicted cash flow positive last year. This year however I am more comforted from the fact that they are achieving good revenue growth rates and they are focused on cost control.As for their salary bill if you comparesto last quarter last year to the same quarter this year they are significantly down on costs. Share price dilution doesn’t help anyone especially the long list of institutional shareholders that have been holding on for a very long time. I dont believe these guys hang on for nothing for the SP to deteriorate to nothing. For holders I think this could be possibly a turn around that we have been waiting for a long time..
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I think you'll find it only had a cash balance of $1.878m at last quarter. You are getting your assets and liabilites mixed up. It had a loan facility of $10.5m with $8.5m already drawn.