Yes we are.
There's a lack of growth and profit which is reflected in the share price, but we're trading at shell value with no or minimal risk of a CR within 12 months and revenues around $20m a year.
Any growth should just about go straight into profit. A 10% increase in revenue would take us to a P/E of somewhere around 3 (or 1 if you go off evaluation instead of market cap) at current prices. If this eventuates, a price of 5c would be fair value, and if growth continues the following year a P/E of 20 isn't out of the question. There's some big IF's there though.
I'm holding on for now with a reasonable position but will be buying on any sniff of growth
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $990.4K | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2378988 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 394804 | 1 |
View Market Depth
| Last trade - 16.21pm 23/07/2025 (20 minute delay) ? |
| MSG (ASX) Chart |
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