Webfirm isn't the only stock to take a beating and longterm investors will hold patiently.
Display advertising is the fastest growing source of revenue for property portals world wide and we have two of the biggest signed.
Seloger was a huge signing they are making inroads into Asia increasing their stake in the iproperty property portals from 9% to 16% with a full takeover on the cards. This could only have positive implications for adslot.
Carsales.com extending contracts.
Realestate.com extending contracts with national rollout of the platform Aug11.
With say 16 million in cash Webfirm has never been in a better position.
WFM Price at posting:
5.0¢ Sentiment: LT Buy Disclosure: Held
