Lol downramping at its worst.
Anyone who hasnt read the last Annual report, please do so. If you cant, here are the forecast numbers -
1. US$360m orders on hand for the year
2. US$81m to $88m EBITDA forecast
3. US$60m+ cash on hand after Quadrant investment
4. Company is paying dividends. So returning capital back to investors while investing in growth at the same time.
The company hired a new Head of department to escalate product development. This is a company that is responding to the transitioning market. The fruits of transitions can take many months and this company is doing it with growing revenue and profit.
The current sentiment may well drag the stock down slightly, however the value and opportunity it presents is massive at these levels.
As I write this, the stock is back to $9.10 and City still has a $18+ target within 12 months time. This company needs one good report to get there.
brave souls rewarded today, page-119
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