I agree with this to certain degree although don't agree with the reason. "Over supply and higher competition"
I feel it is due to the risk of restricted supply to the market. Recognised brands probably wont suffer from the higher competition as much in the sort term these products currently don't seem price sensitive which would be the outcome of higher competition. Its about being the best and forget the rest.
Anyway the point of the post was to get your view on the below.
So what value do you place on SP without growth in 2017 but meeting lower end of 2016 forecast?
SP if the 2017 Forecast Rev was 392mil and Ebitda = 60mil
Matchbox stuff but basic calculation.
2016 = 335 mil made up of (139mil=1stHY and 196mil=2ndHY)
2017 no growth but assumed sales remain as would be needed to reach 335mil in 2016 (196mil x 2)
Cheers
A2M Price at posting:
$1.42 Sentiment: Hold Disclosure: Held
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