Ann: Network Announcement - Moree, page-4

Exactly @Jezzy the announcement reads very well. Two key points stand out from my mind with respect to the announcement -

'As part of our listing prospectus we identified use of funds in developing our networks further, and today we update the market on our first fully fledged fibre and wireless network deployment.'

' The network today is profitable, and adding further clients will only improve margins ongoing'

As I have stated elsewhere, the nearest valuation we can compare to is Spirit Telecom's ST1, which is about 23m, and on similar revenues. Possibly like comparing an orange to a mandarin, but regardless, we would be at about 6cps on the same market capitalisation. So as you rightly point out, undemanding, and room to grow from here. I'm pretty well loaded on this guy and despite not selling any around 4.2c when I could have, I do think this is a serious MT-LT play here with a lot of macro tailwinds.