Pretty much trading at asset backing at the moment with its $16M cash (post CCK purchase) and its various equity investments. Market cap is around the $19M mark at 8c SP.
I think its previous acquisitions (Swift Call etc) will start to be contributing revenue on an increasing basis.
Looking at their two quarterlies released so far for the 09/10 FY, looks like their revenue for 09/10 will be around 30-40% better than their 08/09 revenue.
Hopefully they can sign up a few more banks for this 'Bank in a Box' product...this is critical for long term success. Their investment in CCK seems highly strategic and CCK has several banking clients.
Became a shareholder on Friday picking up a bundle at 8c.
Cdchi1
RFL Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held
