Boy this has been flat of late. What's the feeling guys? 12 July quarterly update going to spur some movement?
Maybe a good sign that it's not bouncing around or dropping lower which has been the case for the 6 months prior. People are waiting to see some results so I'm happy to hold my small share for now. Good things take time.
I think the market is waiting to see when they will turn cashflow positive. Hopefully by year end he says with fingers crossed
That's my thought too, as long as they meet their targets of being cashflow positive and the $USD72/$NZD100m annualised revenue before year end i think this has the potential to be a rocketship.
But if they don't then the danger is they will need to raise money which could be keeping a cap on the price, that and Tech stocks are getting a bit of a rough ride in the USA at the moment.
To be on target for the $USD72, and to continue a fairly linear growth line of about $8m growth per quarter in ACMR, they will need to report ACMR of about $USD58m.
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