After listening to the call it seems to me that they are probably @ 3 months behind on their 9% market share NZD 9 million forecast. I suspect we get there end of Q1 19/20, so June 30th 4C. I suspect by the time they give a "live update" when announcing the full year results we will be @ the 8% market share/ NZD 8 million mark.
Based on a few comments on the call it sounds like there could be a bit of upside to the 7% market share forecast for year end. It sounded like there were a number of contracts that still may sign by the end of this quarter or early next quarter.
The key now is what is going to be the likely growth in the next financial year. With sales growth and some ARPU growth you would hope this would take them to at least 100% to 120% - something like NZD 16 to 17 million and I would be happy.
FYI - A couple of minuets ago Morgans have taken down their price target from $1.61 to $1.55
After listening to the call it seems to me that they are...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
