BUD 0.00% 0.6¢ buddy technologies ltd

Getting revenue traction is one thing (first hurdle), making...

  1. 23,844 Posts.
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    Getting revenue traction is one thing (first hurdle), making money is another. There are so many other microcaps which have already past the first hurdle and could not be profitable and their sp still getting nowhere.

    You guys can do your own research and work out how much annual revenues they need to achieve for their not so great margin to truly break even (not cashflow but profit). BUD's nearest peers on the ASX have already got $7m annual revenues and yet not profitable just yet (although losses not double digit millions like BUD) and their sp also languishing, with market cap <$20m.

    BUD's extreme valuation in relative terms to its peers is only so because of the huge expectations coming off the back of the Ingram Micro distributorship , which has not materialised.
 
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