My thoughts are that Cirrus paid $1.5mil for Ngage therefore if Ngage is turning over ~25m then Ngage was making around 375k profit which seems on the low side. I came to this by knowing that the current multiplier for these sort of companies is around 4 times ebita.
Long and short of it is they really need to restructure as the share price will not materially increase unless they start making around 10% + profit of revenue, so you would need to see the profit around 4- 5 mil. Seems like a long way to go.
Management must be focussed on stripping out the waste, running leaner operations and going through a major restructure in FY2018 else how will they achieve larger profit?
- Forums
- ASX - By Stock
- CNW
- Microsoft's cloud
Microsoft's cloud, page-12
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online