TOX tox free solutions limited

future looks good

  1. 689 Posts.
    The broker report alludes to:
    Strong management team to lead TOX forward,
    Forecast $3.5m profit for 05/06 and $5m for 06/07 with possible further upgrade.
    High barrier to entry for both obtaining a licence and technical expertise,
    Growing market,
    Profit forecasts do not include plant upgrades (costs approx $2m) . These upgrades will add between $5m - $10m to gross profit. May squeeze some of this in the 06/07 year.
    Forecast $6m net cash on hand 06/07 which gives plenty of scope for a bolt on acquisition.
    Surplus land owned by TOX may be used to produce income (how - not specified).

    Have a look at the report on TOX website..
    All in all looks very good going forward.


 
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Currently unlisted public company.

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