standard response from auditor
Well regardless I bought some more at 1.6 - things look on track for cashflow positive this quarter.
Auditor probably referring to tangible asset position, however equity position is positive due to intangibles in the recent takeovers - since goodwill has an impairment test each year and still remains, the valuation of the businesses remain
Whilst normal business may return small profits, my interest is in the pipline deals that could show $30m+ revenue in the next year. With Beam having a very good track record of obtaining new major clients, I would expect another year of large increases in revenue. The folw on from this being fixed cost making a smaller propertion of revenue and thus net profit taking a larger proportion of gross profit.
In all the upside to pipline deals remain, and with a current cash position improving financiang arrangements should not be too difficult.
Happy hunting
TEE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
