I was running the numbers on the forecast results. Now, if they can stick to the approx 4% profit margin from last qtr and grow the Rev as outlined in the presentation CNW could start to look very attractive in the coming years. The strong focus of Services could possibly grow the profit margin a little bit more. However at this stage of the company life cycle growing market share is everything. If there's a cap raising it will be to expand into more locations as outlined in the presentation, hopefully however the company will be able to expand its operations purely from the established business.
CNW Price at posting:
1.9¢ Sentiment: None Disclosure: Held