In FY14/15 CNW had total revenue of 15 mil, This 2 QTR they are doing 19.5 mil and looking at a full year of around 86 mil, this is nearly 6 folds in revenue in 3 years. the MC is similar in both years than n now between 15 -18 mil.
Yes, they were some acquisition of smaller IT companies along the way, with some share dilution of around 20%. but the growth in revenue is amazing. sooner than later this will translate into a hand full of dollars,
A pocket with a profit.
It may just happen that the longer we hang around this 1.7-1.9c price the stronger the outbreak will be.
may take another 6 months another year but when it will break she will run, regardless of the hundred and some million shares Frank has, when the demand is there on a strong break up the volume will follow.
i just keep on buying, happy in the long run to make 20%-30% a year even if one year you go back and three years later SP goes up 200% . its a game of research, conviction and lots of patience.
so now we are in the PATIENCE phase, may as well go for a swim.
CNW Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
