Credit for the directors that have been buying , clearly they have been listening. Shameful that Mike is not stepping up in support of the other directors. I guess he has already banked the 200,000 gifted shares to be just above break even i.e EBITDA positive in 2027 along with the other 600,000 gifted shares with low hurdles ? $60M EV now. If they can do $3M NPAT in 2027 they are still on a PE of 20. Positives are if they can get their costs under control i.e. mid single digits and secure the expanded VA contract and secure two to three new logos then there is light at the end of the tunnel. However the forthcoming loss of the Trinity contract when it rolls off needs to be factored in the mix. A double blow as I suspect this was one they expected to be expanded.
M7T Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held
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