Scobie Ward increases its share holding by 25.6% they must see something very worth while as they now own 13+ %, hmmmm whatsup !! ? should be a boomer next ann imo !
Printable View
Scobie Ward increases its share holding by 25.6% they must see something very worth while as they now own 13+ %, hmmmm whatsup !! ? should be a boomer next ann imo !
Yeah, I was there. Have you read their annual and interim reports and announcements of the last year?
At those meetings we are unlikely to get new information as that needs to be available to all share holders at the same time.
What we can try to judge if the info so-far available is likely to be genuine.
I think it is.
NZSA members will be able to view the video on the website once it has been edited and uploaded.
https://www.nzshareholders.co.nz/members.cfm
Latest report now out.
Citing 100 million users, annual usage growth of over 50%, revenue to 16.8 mill up 40%, profit of $1m expected similar to last year due to higher staff costs as it pumps $'s into further developments.
Not a bad result...... good progress being made. Happy to hold.
Looks like second half with revenue up costs up too with no profit at all in second half
...for the right reasons though. investment in scaleability - always good for a growth company.
Will be curious to see how the market views this. Great growth, but with a long-term investment fish-hook...
Also curious about the impact of 10% more share on offer with the conversion...eps dilution.
however, a happy holder overall...
Slightly disappointed they're not predicting more growth compared to hy1, but with 6 million in the bank already it makes perfect sense to spend all their revenues on setting up further growth. The CEO has spoken about aiming towards 100 million revenues, you don't get there without reinvesting.