I'm quite surprised this isn't closer to 1c.
Closing settlement book Q1FY18: 4.53m - revenue Q2FY18: 2.26m
Closing settlement book Q2FY18: 3.94m - revenue Q3FY18: 1.05m
Closing settlement book Q3FY18: 6.06m- revenue Q4FY18: ??? (I suspect ~2m at least given receivables book and typical Q4 performance)
If we hit 2m revenue for Q4FY18 that will give us the following...
Revenue FY18: close to 6m (vs 3.71m FY17). This is nearing +100% revenue year-to-year... (undoubtedly > 50%)
This could see us close to break-even of profit for FY18.
Happy accumulation holders and multiple bags coming soon
IBN Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
