Too late to buy in?, page-47

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Novice2012

536 Posts.

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22/02/19

07:42

Post #: 37525189
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Originally posted by CrazyGuy ↑

Here's a controversial prediction: headed for sub-$1.00 very quickly. And I'm guessing sub-$0.50 within a year.

Anthony Du Preez resigned as a director on 13 Feb, and is likely selling down all his shares now he doesn't have to inform the market via an Appendix 3Y (Change of Director's Interest Notice). Very shady if this is the case.

Does anyone not think that a market cap of $150M might be getting a little bit ahead of itself for a company that makes $0.7M in annual recurring subscription revenue a quarter? That's $2.8M a year annualised subscription revenue. Plus $3.2M in annualised rebate revenue. $6M likely group revenue for FY19. That's a 25x forwardRevenue multiple at today's SP. (Repeat: REVENUE multiple, not EBIT multiple). No profitability in sight, and unlikely to be if it continues with its aggressive international sales expansion. Trying to do too many markets at once. No focus. CR definitely coming.

I'd exercise serious caution here. I suspect the SP has been propped up by Baillieu family money, and strong promotion and marketing to other family offices until now. But they may have run out of puff. Smart money will come in on a heavily discounted placement.

Well done to all those who were smart enough to get out at $1.50+.

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The finances is one of the reasons I have steered clear of investment in this company. 150m mcap is crazy!

BID Price at posting: $1.34 Sentiment: Sell Disclosure: Not Held
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Too late to buy in?, page-47

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