Ready to pop, page-16

"This company seems to have so much going for it". Care to explain what it actually has going for it? That seems like a silly throwaway line. This is how the company described the FY18 result:

"Turning to our FY18 financial performance, media intelligence revenue of $132.6 million was slightly below our guidance range, reflecting challenges in ANZ including pricing pressure, lower print and broadcast media volumes and customer churn."

That hardly sounds like a company that has "so much going for it". The core business is struggling. It's not just the disastrous acquisition but a culmination of things that has got the share price to where it is.

I think the only thing it potentially has going for it in the medium term is a stabilised revenue base. Obviously a $66m market cap isn't excessive if it can maintain EBITDA in the low-mid $20m range. New management might bring a fresh perspective, however, they haven't proven that they can sturdy the ship yet.