From the presentation:
It has not come without pain and a great deal of effort, and it has been done in Australia where the markets currently value us at about 0.5 times our annual revenue whilst in the US very similar businesses are valued at multiples of 2-3 times their annual revenue. Australian shareholders are often not long term investors and Australia’s tech sector is small.Those of us who own shares in NetComm today have had to endure a bumpy ride recently. When the board decided to invest in our 5G capability and at the same time guided the market that next year would see similar levels of underlying profitability to this year, some investors fled the very next day and most regrettably our price came off significantly.We are all sorry that the market treated us so harshly, but the board is absolutely certain that our focused growth strategy is the right one. As NetComm becomes a global player it will produce significant wealth for shareholders but not without investment in people and capability.
