For the first time it looks like they numbers are heading in the right direction. Revenue growth is still a bit slow to date BUT the are new products that are just about to be monetised for the first time.
The next 12 months will tell the story on the revenue front and whether this model can be a financial success.
The one glaring challenge is that the average transaction value would be miniscule compared to REA. You cannot compare the two fairly.
However, even if they achieve even 1/100 the size of REA thats still a market cap of $60m or a 3 bagger!
Ann: Quarterly Trading Update, page-3
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Mkt cap ! $14.35M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 80000 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 145262 | 2 |
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