CNW 0.00% 3.0¢ cirrus networks holdings limited

Ann: App 3Y - M Sullivan, page-23

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  1. 498 Posts.
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    The directors have skin in the game. One former director sold out. I suppose you will claim its his fault the shares are at the level they are. It's called performance. That's what moves shares, at the moment cnw performance is terrible, but with the last quarterly, we may be finding some improvement. Services revenue is up to 6m for the quarter, and that made up roughly 25% of revenue, but over 50%, of gross profit. The hardware and low margin legacy contracts from aquisutions are holding back the company at the moment. Whatever the directors do in buying shares is just noise. No wonder so many of you where calling 3 cent as a bargin and losing heaps now
    Last edited by Capraise: 15/11/18
 
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