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29/10/21
23:56
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Originally posted by Megamao
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Couple of points.
1. quarterly revenue $4.5m, $4.1m came from high/er margin metal recycling. Based on annual report gross margin on this is circa 13.6%. Given current quarterly at $3.99m I would assume Maddington had got rid of some excess waste accumulated on site via landfill. I assume this cost will reduce in future.
2. assess waste management is bring in more customers and desired waste (high margin) to it's door.
3. I will reiterate my position, I am holding out because the potential on Gingin with it's freehold going concern value of $56m. That is close to $0.10 per share and 5x from today's SP.
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oh I'm with you... the growth narrative is a good one.