So why haven't Webfirm told shareholders what sort of revenue it expects to derive from carsales.com, realestate.com etc say for 2012?
I didn't know that revenue guidance was confidential information?
My point is that you are just stabbing in the dark buying shares in Webfirm because while they might have AAA software they might have EEE contracts and for that matter margins.
Perhaps they are setting this company up to be bought out by a major company who wants market share in the technology advertising space?
It's still expensive at current levels in my opinion. Capped at $47 million with $18 million in the bank. So the market is valuing their technology at roughly $30 million. But this value is going to derive how much revenue and profit in 2 years time? Hmmmm.
:) Nic
WFM Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held