Entirely plausible to see sp of $0.90 by FY15, considering my forecast for FY15 EPS = $0.041. Bull case for FY15 would be around $4M EBIT. At 22 times earnings (still selling at a discount to its peers), forecasts would suggest this is the case. With aggressive revenue growth, and operating leverage allowing NPAT to grow at a faster rate than revenue at this stage in the company's infancy, 22 x earnings would be a completely reasonable scenario.
Consider also, the fact that the company has made a considerable amount of acquisitions in the past few years and we see that the working capital position is not OK, not just satisfactory, but very impressive! Further, deducting for acquisition costs shows a good FCF position for this company.
PGC Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held
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