IBN 0.00% 2.0¢ ibuynew group limited

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  1. 12,115 Posts.
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    Pisces,
    Things have changed enormously since January... there were many unknowns which are now knowns as a result of some serious developments in 7 months... I would not have touched it in January... here are few of the things which has changed but I guess you already knew them...
    1. Company needed cash which they raised in June and subsequently soaked the supply at those levels.
    2. 4 consecutive months of increased TTVs.
    3. Both businesses turned out to operating profitable.
    4. Increased share in both businesses.
    5. No need to raise further capital hence a peace of mind.
    6. Decrease in quarterly expenses particularly operating cash flows... two back to back quarters...
    7. Increase in share price but market cap still looks decent.
    8. This quarter might turn the company into a profitable company which is actually generating cash...

    None of these were evident in January... so things have changed for this co IMO
    Cheers
 
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Currently unlisted public company.

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