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17-05-2023, 08:55 AM
#6361
Originally Posted by SailorRob
The difference between a million profit and a million loss is all just accounting noise, they can play with the numbers as they wish at that level.
The real story is in the cash flow that has just showed up.
I agree and I’m not too bothered by the profit as I am well invested in this company for the cashflow reason.
I have been topping up as more and more good news hits the market. I am looking forward to more positive news in the future and expect to see a $1 in front of the sp some time next year.
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17-05-2023, 11:47 AM
#6362
Not a bad trend with the share price going up a cent or two a day. Slow accumulation from the market, could very well jump if a good announcement comes.
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17-05-2023, 12:00 PM
#6363
Originally Posted by silverblizzard888
Not a bad trend with the share price going up a cent or two a day. Slow accumulation from the market, could very well jump if a good announcement comes.
The interim unaudited was already very good I thought, what more are you hoping for that they haven't already announced?
- new customer
- modest profit, or break even
- FY24 guidance uplifted
- acquisition
- something else?
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17-05-2023, 12:07 PM
#6364
Originally Posted by Baa_Baa
The interim unaudited was already very good I thought, what more are you hoping for that they haven't already announced?
- new customer
- modest profit, or break even
- FY24 guidance uplifted
- acquisition
- something else?
They will have deliberately left something in the tank I would say.
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17-05-2023, 12:18 PM
#6365
Originally Posted by Baa_Baa
The interim unaudited was already very good I thought, what more are you hoping for that they haven't already announced?
- new customer
- modest profit, or break even
- FY24 guidance uplifted
- acquisition
- something else?
A strong FY24 guidance would certainly get things going, looking at Serko's performance today $48 million revenue with $30 million loss, but their guidance to get to $63- $70 million has the market enthused. They are trading on a revenue multiple of 7 with a $337 million market cap, of course their growth is much higher, but those losses are huge compared to what they bring in for revenue and no profit in sight.
With $28 million in the bank, an acquisition would make sense to give the growth factor a jump.
Market technically has already factored in a small profit or break-even, even a small loss.
It would have to be a massive international customer with a big roll out to get the market going on a new customer.
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17-05-2023, 12:37 PM
#6366
Originally Posted by silverblizzard888
A strong FY24 guidance would certainly get things going, looking at Serko's performance today $48 million revenue with $30 million loss, but their guidance to get to $63- $70 million has the market enthused. They are trading on a revenue multiple of 7 with a $337 million market cap, of course their growth is much higher, but those losses are huge compared to what they bring in for revenue and no profit in sight.
With $28 million in the bank, an acquisition would make sense to give the growth factor a jump.
Market technically has already factored in a small profit or break-even, even a small loss.
It would have to be a massive international customer with a big roll out to get the market going on a new customer.
Yep anyone can grow revenue massively while losing money.
Just sell $100 notes for $50...
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17-05-2023, 02:03 PM
#6367
Originally Posted by SailorRob
Yep anyone can grow revenue massively while losing money.
Just sell $100 notes for $50...
Pretty much! Though in saying that, Serko's current rise could be the matchstick that gets the market back on board the tech train which is favorable to Task.
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19-05-2023, 12:21 PM
#6368
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19-05-2023, 12:34 PM
#6369
Originally Posted by silverblizzard888
Reaching 45 cents today!
Good one ……another 5 cents and it’s 50 cents
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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19-05-2023, 12:47 PM
#6370
Originally Posted by winner69
Good one ……another 5 cents and it’s 50 cents
then add 50 cents to that and its $1
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