Excellent. Just when the resource sector has started picking up. Today morning I was reading about allied mining services picking up from multi year lows. I think we will see more contracts. Also, dont forget the materiality threshold has changed for the company as we grow in size. We have been picking up more clients along the way. I used the number of sites as a good reference point - 700% growth in sites in the last 12 months to 268 sites. I find this more reliable as an indicator as number of rooms varies. I am pretty sure not every contract where we gained those 268 sites was announced in the last 12 months (exclusing the acquired sites ofcourse).
I expect the DXC deal signed last month to bring significant new source of revenue. You only need to look at the size of contracts the old UXC Connect DES business was doing in 2010 -2012 to see where we are heading.
Hardest part is to be patient and let this one run. I am not selling any of my shares at these cheap levels.
Over $20 mil in revenue and 80-90% recurring in growing sectors - resource, aged care, hospitality and only at $60 mil Fully diluted. I still maintain we will be well over $1 in the next 3-6 months. Lots of tech stocks trading at $100 mil mcap with less than $1 mil in revenue. Lots of instos watching swift very closely.
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