Seems to be some tax loss selling occurring at the moment. I thought the company would have announced details about the small shares parcels by now (may have been 28th june, can't remember). But i would think if i had an unmaketable parcel, i would want it sold now, so i could use the tax loss. Maybe they are selling, but aren't telling us?
BRR was interesting, but Burden doesn't give a lot away. He will be better when he can promote actual revenue figures.
AdfeedEngine will be going global (ie: UK, Europe). Be interesting to get a breakdown in the quarterly of where the revenue is currently coming from ?(US / Aus).
AdAuctionEngine should be good. Will take a while to bed down and grow.
Burden mentions on the BRR interview that they are making progress and that the Navteq map advertising will be called MapMedia, announcement soon he mentions.
He mentiones towards the end of the interview that the restructure of the business is complete and they are looking to bed down and focus on revenue growth. I expect them to focus on this (and human traffic acquistion) till the end of the year, before hopefully making EPS accretative acquistions from cash in the new year.
Will be interesting to see what sort of guidance for the overall business they provide for the next financial year in the next month or two?
not a lot of chat on here. Anyone with some thoughts?
WFM Price at posting:
6.2¢ Sentiment: LT Buy Disclosure: Held