Early days mate. Welcome back. I missed you not posting as often as when you're here.
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They came across as a very passionate team and the award judges mentioned several times their ability to achieve growth and scale. They spoke very highly of the high tech sector and acknowledged Xero which I thought was a nice touch. The CEO appeared humble and focused in his presentation and I like how they've still stuck to some of their nz roots. To be honest they were only up on stage a couple of times and I've done very little research into them, but what I saw impressed me :)
I love it - not one mention of profit or loss (which doesn't matter anyway)
https://www.nzx.com/files/attachments/258421.pdf
Suppose this is a stunning announcement - ACMR plus 157% and all that
......but the market thinks otherwise
The $3.60 the personal trainer 'promised' seems a long way off
I love it - not one mention of profit or loss (which doesn't matter anyway)
https://www.nzx.com/files/attachments/258421.pdf
Suppose this is a stunning announcement - ACMR plus 157% and all that[/QUOTE]
Agree- looks great! Why on earth has the market reacted like it has? Confused
Well they mention 'breakeven' so that sort of covers profit and loss. Pretty good performance so far.
My figures are quite inline with them that they should achieve breakeven near $72 million US cash revenue.
What has me most eager is the future profits where the run rates are trending.
$72 million US = breakeven
$75 million US = 1 million profit before tax
$130 million US = $23 million profit before tax
$200 million US = $46 million profit before tax (Xeros current territory adjusted for NZD)
Reckon $75 million cash revenue, $100 million ACMR by FY 18
Reckon $130 million cash revenue, $180 million ACMR by FY 19
*all rough estimates for my entertainment purposes and should not be relied upon your investment decisions.
Sentiment rules....
Possibly focussing on the widening loss as presented by the headline from Businessdesk
http://www.sharechat.co.nz/article/7...us-growth.html