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ADVFN, where will the Shareprice go now (part II)..


michaeld - Thu, 21 Dec 06 :

I think that 06 was an exceptional year because of all the jv and acquisition activity that would have required a lot of legal and audit expense plus much staff travel to and from Japan, China, Brazil and the States etc. In 07 I would like to see the expansion continue because I think that it will pay huge dividends eventually. However, I am also sure that profitability of what ADVFN have already can be increased to fund that expansion and if I am critical of management at all then I think that they have not paid as much attention to that side of the business as they should have. With a better sp based upon earnings there would have been much less dilution in taking over the US sites for example. Maybe the management need to find someone inside or outside of the organisation that has the ability to generate money without having a bad affect upon usage of the sites?

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