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hotuna

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31/08/19

13:28

Post #: 40260337
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One of my other speccies Hez.
MSG - 23.5m Yearly rev. 4.5m gross profit. Cash positive last quarter Market cap $4m, expanding into NSW, Vic and SA. Only just recieved licences to trade in those states.

I agree with your philosophy tho.!

Originally posted by Hezla: ↑

Thanks wally, great insights on the expected numbers there for the half yearly.

Honestly there's no point debating whether the debt facility would help or predicting what the Aug figures are, the matter of fact is they are news that haven't been announced yet, making assumptions will only create unrealistic expectations. So until then people should reserve their judgement on those future "company making" announcements.

Shifting back to what we already know. As per last announcement EN1 had made a total revenue of $7.6m from Jan - Jul, with a 40% gross profit margin and a cash flow positive Q2. July revenue was $1.4m so even if the company goes flat for the rest of the year and only make the same amount every month until Dec, that is still a full year revenue of ~$15m.

In my short 3.5 years of experience in the stock market I have not seen another $17m MC company able to make that amount of revenue with a cash flow positive quarter. Would like to hear if others have any suggestions of another company managed to do so?

Not to say there are no risks going forward, obviously this is a speccie but you get what you pay for, at current prices the company is without a doubt undervalued from a FA point of view in my opinion.

Just my 2 cents on the current situation, please don't take it as financial advice and do your own research.

Hez

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EN1 Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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