MNF 3.27% $4.74 mnf group limited

mnf report today forecasts profit fy09

  1. 983 Posts.
    Completely credible & believable report today from MNF. They have not missed a forecast yet so there is every reason to believe this one as well.

    No cash burn here!

    MyNetFone Managing Director`s Presentation at AGM 2008

    Here's the key points:

    Fin Year Rev$M Subscribers

    FY 05/06 1,603 12,500
    FY 06/07 3,276 35,000
    FY 07/08 6,809 60,000

    September 2008 Quarter

  2. Total cash receipts for the quarter $2.5M
  3. Positive Cash inflow $86,000
  4. Cash in bank $942,000
  5. An increase of 10% from last quarter

    FY 08/09 Projections

  6. Expect gross revenue in excess of $10M
  7. Expect over $300,000 revenue per employee
  8. Improve ARPU and gross margin
  9. EBITDA Positive

    Conclusions

  10. Since IPO, My Net Fone management has built a solid business with sound strategies and consistent growth
  11. Aiming to be the first ASX Listed VoIP provider to be EBITDA positive


    As an MNF shareholder there is a lot to cheer about in that report. Management have proven to be accurate forecasters to date so the forecasts look good!


 
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