@gizard posted about this today and it looks like massive potential. i think they have found a huge loophole with apple and about to go boom.
market cap > $9m
cash > $2.2m
revenues > $42m for fy 2020
revenue is bouncing back big time after covid. it was up 98.3% on previous quarter.
SRY are an authorized Apple reseller. This is big and means they have passed apple due diligence.
I think there is something big coming. The Top 20 already own close to 90%.
The major holder recently bought 5M more shares. They are almost at the 19.9% threshold.
That means the top 20 now have over 90%.
THE BIG NEWS I THINK IS COMING
If you read the half yearly SRY say the reason for the drop in sales is Apple have a policy no Apple products can be sold online. It must all be done in store.
But in the business update SRY say they are launching an education portal which will let "students, staff and parents of our education clients" to purchase apple products online. They are extending the offer to anyone they can? Why?
I think SRY have found a massive loophole. It sounds like people will be able to buy apple products online through SRY educational portal. If the sales in their store were $11m last quarter their online sales would be gigantic!
Revenue could explode next quarter and a big profit to come. BooM!
Add to My Watchlist
What is My Watchlist?