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CNW - Cirrus Networks Holdings

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My pick again for this month. Now five positive operating cashflow quarterlies with cumulative cashflow over the last four quarters of $2.29 million. Won a $5 million federal contract this month. The 3rd and 4th quarters have been the better quarters the last few years so should improve from here.
 
Finally starting to get a bit of traction. Market cap about $26 million and last FY profit of $2.8 million. Just needs to start showing a bit more consistency in their profit results.
 
Reported HY19 profit today, revenue grew at 57% and a profit of $135k compared to a loss for HY18. While still low profit margin pleasing aspect is the growth in services with the higher margins and their strong outlook for the second half. Last year despite the loss in the first half they still managed a $2.8m profit for the year.
 
Cirrus Networks up another 9.6% to 5.7c today. Very strong uptrend over the last few months.

Curiously there has been no news of note since the H1 FY19 Report and Investor Presentation were released on 22 February.

 
CNW has received a hostile takeover bid from Webcentral.
From CRN
CNW has rejected the hostile takeover.
I suspect that they may need to offer a little more.
There is a buy of over 760 million of the 900+ million shares that make up the 26 mill company.
Latest prices at 3.4 cents.
Hasn't been a lot of action of late, looks like a stalemate.
Mick
 
Not a lot happening, now up a bit, at 4.8c recently

IT solutions provider, Cirrus Networks Holdings (ASX:CNW) has announced a collaboration with NVIDIA to leverage the power of accelerated computing and artificial intelligence to drive innovation, improve efficiency, and promote sustainability across the Australian resources sector.
 
Dona Ferentes said:
CNW announced a collaboration with NVIDIA to leverage the power of accelerated computing and artificial intelligence to drive innovation, improve efficiency, and promote sustainability across the Australian resources sector.
Click to expand...
And now ...
request a trading halt of the Company’s securities pending clarification on today’s announcement titled ‘Cirrus NVIDIA Collaboration’. The Company requests that the trading halt be lifted on the earlier of the commencement of normal trading on Monday, 17 July 2023 or when the anticipated announcement is released to the market.

might not be the promised secret sauce ?

 
On December 12th, 2023, Cirrus Networks Holdings Limited (CNW) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between CNW and its shareholders in connection with the acquisition of all the issued capital in CNW by Atturra Holdings Pty Ltd.
 
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