ICI 0.00% 1.7¢ icandy interactive limited

list of key links to iCandy Group related projects, websites, socials, people etc, page-1026

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    @bakerrrrrr i think ICI is an easy business to understand; extracting the following from the recent anns & reports was easy:

    last FY the company had $2.25m in one-off acquisition costs; LS contributed 11 months to the Group's financials which was $7.7m profit; headcount grew by ~20% which should directly translate to +20% increase in deliverables/revenue/profit this FY; Flying Sheep should receive $1m~ grant from the German government; multiple NFT/games should start to imminently generate revenue:

    considering last FY's revenue was $30.1m & cashflow from operations was negative $61k, applying just the above known & quantifiable factors, we can calculate a rough impact on a like-for-like, YoY basis:

    +20% increase in revenue, which appears to have a blended profit margin last year of 25% = $36.12m forecasted revenue this year with an additional profit contribution of $640k (8.3%) from LS for the additional 1 month of operations; this results in a positive operating cashflow of $2.3m this FY, from a negative $61k last FY. add $1m grant plus the $2.25m savings due to the one-off acquisition-related costs, this year's back of envelope total net cashflow from operations should then be positive about $5.55m.

    $5m cfp is my base estimation; it excludes expected NFT sales & revenue from new games, which could be $500k or $5m; i think it's too early to estimate their potential contribution.

    our first quarterly report for FY23 is out in less than 2 weeks!, & this afternoon is webinar! hopefully these are catalysts that propel SP back to +10 cents, an MC of $130m, which then places ICI on par with PLY's MC.

    as the saying goes, it's time in the market, not trying to time the market to achieve the best returns. our time should come very soon! how soon, we could find out this afternoon; webinar's focus is on three things: business strategy for 2023, showing off the workplaces, & updates on the company's various projects:

    https://hotcopper.com.au/data/attachments/5210/5210200-9e5f060fa0ea938d57c14b38cdee844e.jpg
    Last edited by FingerLicking: 19/04/23
 
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