The report on RIWI is updated and rated Weak Sell / Hold. The results of the past three quarters have been disappointing. Revenue growth has slowed but is still positive. Earnings have declined to near zero although the company explains that this is due to investments in sales employees and software projects that will lead to increased sales.
The decline in the share price is certainly disappointing. In part it may be due to an early investor that wons over 10% of the company wanting to sell in a thinly traded market.
The company has potential but with the recent low earnings it is not a rated as A Buy until and unless it shows improved results. For those holding, it may be worth holding onto given that it has potential and also given that it has ample cash and no debt and therefore is in no danger financially and can continue to fund its growth.