Thanks etrader, that makes good sense. Why take more than you need now when you can get what you need later, for less.
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Interesting info on a similar company in Aussie - mobile embrace ltd MBE.ASX. It is present in NZ and AUS. http://www.sharetrader.co.nz/showthr...uot-MBE-quot-)
I'm pretty unfamiliar with this industry but I feel there is real potential, but always huge risk in these fledgling companies. However, worth throwing a few dollers at them.
MBE may look cheap but 16.5% revenue growth YOY does not look like close to a par result, with the growth in spend this company is losing share. Lets compare SNK revenue growth, today's the day?
just out ...with revenues from March 2012 to March 2013 increasing 83% year-on-year from $1,992,958 to $3,654,346....
Not to shabby
Turmeric happy with 3.6 was just hard to put a forecast given one large quarter but still very good growth. It's to be expected a company of a low base can achieve massive percentage gains quarter on quarter but that slows down and I guess 50 -80 percent is possible for the next year. A happy holder all round.
And all this pre SPP.......
http://dsd32.files.wordpress.com/2013/06/snakk1.jpg
Just revenue and some words.
What were the expenses?
How much money did you lose?
Unimpressed
Paper Tiger