CVT 0.00% 1.5¢ covata limited

Ann: Q4 FY2016 Conference Call - Transcript-CVT.AX, page-32

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  1. 5,503 Posts.
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    To be honest I'm surprised the existing holders continue to accumlate rather than just hold and wait. Their latest business update confirm amongst other things they have had to redirect resources, rethink some of the strategy & confirm longer conversion lead times than expected......blind freddy could have predicted longer lead times in IT space.......I'll acknowledge that may have a good team that is highly motivated but this does not always translate into immediate results given they are also new to the specific of it...........cash burn and extending timeframes is where I see further share price risk. From this point I can only see price moving up substantially once something tangible happens.......this most likely to come from disclosing G8 govt contract (milestone 3) over coming half year....some minor reaction on news more likely if milestones 4-5 hit. Milestones 1-2 share price reaction likely to resemble a yawn.

    Good luck....but feel I can sit on my hands until further confirmation of their strategy is working
 
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