so many asx mmicro cap stocks carry pe multiples of 10-40x with no current cashflows to write home about and high risk/reward propsects, but not this one - why?
ntab is around current market cap of $12m which is unheard of esp in a reasonable market.
refer latest ann. - mining assets worth around $11.4m or 13.6 cents per share.
digital movie biz is going to make an ebitda of $880k this year and forecasting $1.2m mext year - apply a conservative pe on ebitda of say 5x (which is low for high growth biz) and movie side should be worth $6m - on 07/08 earnings.
eze stock should be valued at 21 cents....................
EZE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held