SKF 0.00% 16.0¢ skyfii ltd

SKF Chart

  1. 855 Posts.
    lightbulb Created with Sketch. 24
    Weekly chart for last six months.

    Higher lows but also lower highs. The Zig Zag is consolidating.

    SKF_WKY(14jul16_to_18jan17).png

    Some renewed volume in trade in the last fortnight which is positive. Capital raising solves the solvency issue raised by the ASX the other month. The board have said they hope this will be the last capital raising. Good revenue growth in Q1 should set a new benchmark for the business. The business have set FY 2018 as setting "the pathway to break-even" but I see a good chance to achieve breakeven in mid 2018 (only 18 months away). The business' increased focus on the US market with Wayne moving his base to the US this year should lead to solid growth in the US market to supplement our strong growth overall.
    Last edited by auro: 01/01/17
 
watchlist Created with Sketch. Add SKF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.