Hi everyone , I just saw the price hopefully the soft hands have given up their shares.What a terrible debut. Not enough marketing. I personally love the story and Australian Tech I will always support.
I am really excited for this company. Already circa 20mil revenue Company and only in S.A and Vic. Once they onboard Sydney and the rest of the states then potentially expand overseas.. Oh boy, hold on to your hat!
To the bloke in the Library today In regards to the Market Cap the Prospectus outlined a total of 151,443,487 shares on issue which puts the market cap at $32.5 mil in my estimate. I may be off due to options and performance shares etc. Time will tell.
The prospectus says FY18 ProForma Historical revenue from operating activities $18.76 MIL with a cost of sales $10.2MIL and they forecast FY19 of $23MIL ! Cost of sales $12.78MIL
This is a medium term hold for me. Couple of years of rapid growth and a nice share price to go with it would be nice.
