FY2017 had been a year of reckoning as M1 celebrated its 20th anniversary but continued to struggle in the midst of technology disruption. Revenue remained fairly stable at $1.07 billion. However, profit after tax dropped to a whopping 5-year low at $132.5 million.
Correspondingly, since my last coverage on 25 January 2018, M1 share price turned bearish, dropping from $1.88 to $1.70 in early April. It recovered only recently on the back of a decent set of 1QFY18 results.
For sure, investors would look back and lamented that the past 20 years had been a journey of lost opportunities as ...
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