Hi duk I think $1 is definaetly achievable, but I won't dare say...

Hi duk

I think $1 is definaetly achievable, but I won't dare say before xmas. Things sp landscape will change dramatically if they roll out in Asia and expand into Agecare/lifestyle.

If you look at the chart, any pull back is short lived and there have been higher lows everytime. I'm not a technical trader, I bought this on fundamentals. 93% recurring revenues ( so we already have over 12mil on the books for 2017 based the latest accounts.

I too will be adding on any weakness, but I'm afraid there will be a lot of others trying to do the same.

Morgan Stanley have bought over 700k and sold zero
Ord Minnett have also been a buyer with net 506k.
Also ComSec are on both sides but have net buy of 745k ( I've taken a fair chunk of that)

Hartleys have been biggest seller with net 900k sold. This is expected as they did the placement.

This for me is a definate buy,hold accumulate at these levels. Especially in a shaky market, the fact that they have circa 15mil revenue and 93% of that recurring should put a floor under the sp. Not many micro caps can say that.

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