I think this company is no longer just a "start up". Staff costs have ballooned. Next quarter estimate outgoings are $5.1m. It's actually good to see this lift as it means investment are being ramped up. As long as the ASR continues to grow it's all blue sky from here.
I managed to top up a little at 26 the other day. We should be back to all time highs in a few weeks. I'm expecting $6m ASR before 1st December on the back of recent trade shows in the US.
Meanwhile, Microsoft shares are up over 5% in pre market because of better than expected cloud growth. It's now trading over $80.
The software group said alongside Thursday’s results that it had hit a big cloud revenue target earlier than expected. Annualised run-rate revenues for Microsoft’s “Commercial Cloud” — which includes Azure, Office 365 and other units — hit $20bn.
LVT Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held