My Net Fone Limited (listed on the Australian Stock Exchange in May 2006, stock code MNF), is Australia’s leading broadband VoIP phone service provider.
The Australian telecom industry is very competitive and dynamic. Mynetfone’s competitor and market leader ENGIN’s cash burn has continued and the company announced more equity raising recently.
On the contrary, MyNetFone management has kept a tight control over costs and increased revenue quarter on quarter resulting in positive Cash Flow Positive in December 2007 Quarter. Revenue growth is evident with an approx 20% increase quarter on quarter.
The company has close to 48,000 paying customers and continues the strong growth in subscriber numbers over the past quarters.
My Net Fone Limited has been featured in “The Emerging Companies Review 2007” (Aegis Bluebooks Research) published by Aegis Independent Equities Research.
I hold a position in this stock. I believe the prospects of the company are bright going forward. Please contribute to the discussion with your thoughts/views on this company/industry/sector etc.