Without an update the share price will only go sideways or down
In the meantime its a great opportunity for believers to get in or top up. We will never see these prices again if results hsvent deteriorated from the last half.
But its good to know what could go wrong. I can name a few:
-continued contraction in subscription, and flat growth or backwards in q and a too
-negative operating cash flow for whatever reason (reduced revenue, increase in codb due to crowd agency, increased capex requirements moving forward, bad debts or increased working capital)
-indication of unsustaniable revenue stream, either geograpgically or by division
-dom getting out of the business
For me its then a matter of putting probability against each risk and see if its worth holding,buying or selling.
CM8 Price at posting:
16.0¢ Sentiment: None Disclosure: Held
