important notes12 Jul 2020 21:08
Its funny how people reading between the lines and buying on impulse not even researching a share . Some people read that will go up 200 percent and bought , others only read that they lost 1 mil and sold Cmon people Do some work and you will be sleeping lighter
First of all its normal for developing company to 'lose' money Also its normal for company which makes some acquisition of other company Its also important to point out that last statement only contains six weeks of ownership of DMSL. Company which has 15 years experience of providing broadband connectivity to thousandths of customers, 250 thousandths BT and has 400,000 Revenue generating units. This will show on final statement
Also its important to point out that this company wasnt affected by lockdown it actually gained from it.
Cash at bank 1mil more than last year and assets stands increased to 4.2 milion Thats douple up market cap
They are seeking to achieve cost saving savings of 50,000 per month equating to 600,000 per annum . To date they already achieved over 40,000 per month 480,000 on anual basis with tehe remaining 20,00 ( 120,000 per annum )already in progress to be delivered
DMSL continuoes to perform solidly and since take over has won a number of contracts in the retail, NGO and insurance sector. Carluccios etc
Total asstesyear 2020. 4,203,034 mil
2019. 1,285,034
Cash 2020 1,000,420
2019 . 497,400
Non current liabilites doesnt have to be paid off straight away
Please people do your research and homework dont worry this is only going up
Good luck