After reading FRE preliminary, MNF looks spectacular!
FRE do have the converged mobile solution which I like but the company is being managed disgracefully imo!
No indication on current growth, directors are punting Surplus funds (in only liquid markets they say), have admitted they've only got cash to ride another year tops and will likely take the easy option and do another placement.
Revenue up 4% due to licensing fees and costs blew out by 10%. Two non execs resigned and employee benefits blew out by $500K. These guys are not working hard enough in their core business (relying on JBHiFi) and are hoping for the bluesky deal.
MNF: The Oz VoIP market is yours for the taking.
Cheers, The Sparkler
MNF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
