"Based on business forecast and associated cash flow, the Group has sufficient working capital to fund its mandatory obligations for the period ending 12 months from this date of this report. There are no indicators suggesting going concern problems and, therefore, no significant doubt regarding the entity's ability to continue as a going concern"
this is the part that affords sleeping well at night.
Patience is the Key.
CNW is only a 17 mil M/C with an estimated 80 + mil revenue for the year.
They are Expanding into Services in the Eastern states creating scale and diversifying away from products.
Time is required to get all parts firing up, at least all expenses are embedded
According to management 2nd half has started well and that's the better half of the IT sector.
I would love to see 2 to 3 mil in EBITDA for FY18. or at least a positive upward trend
CNW Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held