TEP
Nice summary and I concur with all the reasons cited in support of a ‘Buy’. Extended my holding in Xref after the COVID crash and have subsequently added to that holding. This is far from being a ‘new start’ and has built an impressive track record with some very significant Customer organisations. The move to integrations via relevant strategic partners is equally impressive. COVID-19 has clearly impacted their Revenue streams over the past 5 months, but this headwind will soon become a tailwind as hiring increases.
Relentless cash burn is a sentiment killer in any business, but as you correctly point out, that is all about to change. Discounting the change to the pay cycle ( 13 to 12 periods ), Xref exited FY2020 with a run-rate on cash flow which is essentially break even. In summary, the growth story is in tact now balanced with a road map to profitability. I too give credit to Xref for going the debt route opposed to a Capital Raise. Signals Management’s confidence in what lies ahead.
FY2021 should reward shareholders for their patience (and some).
Rokewa
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $34.98M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 18.0¢ | $11.00K | 60.29K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 54410 | 18.0¢ |
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Price($) | Vol. | No. |
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18.5¢ | 25416 | 1 |
View Market Depth
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1 | 24481 | 0.175 |
1 | 14376 | 0.125 |
1 | 9095 | 0.110 |
1 | 9525 | 0.105 |
Price($) | Vol. | No. |
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0.185 | 25416 | 1 |
0.200 | 146250 | 4 |
0.220 | 50000 | 1 |
0.240 | 1800 | 1 |
0.000 | 0 | 0 |
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