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4.3¢ buddy technologies ltd

Oman should be your whale

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McKhenry

726 Posts.

64

01/03/19

10:56

Post #: 37617489
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Originally posted by retiredyoung: ↑

The last two quarterlies they have forecast cash-flow breakeven in Q4CY2019:

The Company reiterates its guidance that it remains on track to achieve cash-flow breakeven in Q4CY2019

They have forecast reduced spending;

Management is committed to bringing down our spend each quarter, with double digit percent cost reductions and efficiencies being identified across the business.

In my opinion they would have to reduce spending significantly unless they win a whale of a contract. Also that whale will need to be won soon, as time is running out to get a large number of installs completed by September 2019, which would be required for a full quarter of cash receipts in Dec 2019.

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Oman should be your whale

BUD Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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