Yeh on an EV/EBITDA forecast ratio, I believe GLH is on the expensive side now, I think initially I had a rush of blood after the profit upgrade.
Currently GLH forecasting $1.5m EBITDA (seems that EBITDA is translating close to 100% NPAT), maybe the EBITDA figure will be a tad higher.
But at 47c this is commanding a market cap of $15m
This means the forecast EV/EBITDA ratio is coming in at 10.
Its not expensive certainly not cheap and as everyone has pointed out, the NPAT figure does not include full tax rate, or any R&D expensing. Some outfits in the tech sector expense their R&D 100%!!!! And have much better EV/EBITDA ratios than GLH.
I am back to my original position when GLH was floating around this price before the sell off, so I am down to 1/4 of the largest position I held when it was trading at 30c.
All this can change subject to 1/2 yearly results or any more contract wins...
I will be very impressed if GLH can manage a close above 50c.
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Mkt cap ! $6.095M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24567 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 7679 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24567 | 0.105 |
1 | 83605 | 0.100 |
1 | 5060 | 0.090 |
1 | 42267 | 0.070 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 7679 | 1 |
0.130 | 65000 | 1 |
0.135 | 100408 | 1 |
0.145 | 50000 | 1 |
0.150 | 58909 | 1 |
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