I think there's a lot to like from this update - when you consider they only spent 158k on advertising and promotion in the quarter, and as they point out business activity tends to slow down ahead of Christmas, the boost in activity has been great. With plans to up the marketing expenditure to 600k this quarter, should see some healthy growth I would think.
Coming in under budget with expenditure sets a good precedent going forward. Despite the ramp-up in staff and marketing forecast for this quarter, with the budget set at 5.2M (33% up Q-O-Q) I think there could be some scope to impress in this area again.
9SP Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held