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Captain Barnacles, the only reason management posted this...

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Ruggerbugger

329 Posts.

170

13/09/17

12:53

Post #: 27184776
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Originally posted by CaptainBarnacles ↑

Well I didn't think it was a nothing announcement.

Most importantly: The FY17 revenue target was $US 4.2 (Nan) + $US2m (Sen) = 6.2m. Now target is $7m. So that is about 15% up.
Also: FY18 sought target was $7m forecast before the Nan acq, now seeking a $12m forecast. That is an acceptable demonstration of some confidence in the acquisition, and I hope this forecast turns out to be conservative like the forecast at the time of the Nan acq.

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Captain Barnacles, the only reason management posted this announcement was obviously to appease a bunch of shareholders who complained about the lack of newsflow. Bet you the share price is back under 30 cents at the end of the day.

SE1 Price at posting: 30.5¢ Sentiment: Hold Disclosure: Held
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