It is sad the price down to 25 cents. Any reason to continue holding? It seems no more positive information.
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It is sad the price down to 25 cents. Any reason to continue holding? It seems no more positive information.
There growth is still good and their EV/Rev ratio looks good. Their customers are big and therefore growth is lumpy, so a small deferment for 3 months shouldn't be a major. What would be good to see is another trial with a big co so that we know they have a pipeline fo work going forward. The other issue with big customers is churn and if you lose one client, that can be a substantial piece of income.
I'm still optimistic.
I was optimistic, but..... the second half of the last financial year showed bugger all growth in ACMR and then we got targets pushed out to the second half of the current financial year.
A few buys earlier this month to prop up the share price - not a good look.
I feel investors could end up getting smashed heavily once costs are published for the first 6 months.... and ACMR growth is again pushed out further.
I'm not sure this company was worthy of an NZX mainboard listing.
"The contracted SaaS fee is approximately NZ$500,000 of Annualised Committed Monthly Revenue."
What does it mean? Is the SaaS fee $500K monthly-based or annual-based?
Not quite like that since different countries have different amount of stores and so the fee will vary in size.
If Canada has 1443 stores and it will cost them $500,000, then US who have ten times that amount will bring in $5 million. Lets do a break down. *numbers are rounded as this is merely an estimate.
Japan - $1 million
Sweden -$80,000
USA - $5 million
Netherlands - $85,000
Estonia - $3,500
Latvia - $3,600
Lithuania - $3,500
Total estimate would be around = 6,175,600
If you look at annual statement ending march it was $5.3 million, so getting relatively close to that, expecting quite a few more big roll outs with other brands or more Mcdonald ones.