In HY1 23 about 50% of 2022 Prospectus revenue was added to by acquisitions (4 + 1 in 2023). If you add up all the revenue and EBITDA (after making a few assumptions in some cases), you get to within $0.5m of reported HY1 23 revenue and EBITDA. So little organic growth (or some acquisitions not panning out as expected). There is not much propsect of a dividend as profits are needed to pay for earnouts and new acquisitions. Suggests a PE of 10-12 to me and a SP of ~$0.30.
Just my opinion.
Ann: Close the Loop acquires USA recycling company, page-13
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17.0¢ |
Change
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Mkt cap ! $90.41M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 25177 | 18.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 24340 | 3 |
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