If Enero can trim the revenue losses and improve margins it will...

If Enero can trim the revenue losses and improve margins it will becomeble entity. In a sign that expectations were very low, Enero shares actually ose 25% to $0.50 after the results were released. It’s a stock that tests patience but with a market capitalisation of $47m, spare cash on the
balance sheet and net revenue of $126m, it doesn’t need to do much right to make money from here.
The bad result from Enero was assumed beforehand and again met expectations and better.
As has been the case in prior years, revenue from continuing operations fell,
this time by 15%, and the company made a small underlying loss, roughly
$3m depending on how amortisation is treated.