"$8 million profit 06/07 at a P/E of 15"
Thats not profit, thats $8 million EBITDA. Big difference.
Dont be fooled by the latest announcement, saying that they have cash in the bank and a prospective EBITDA of $8 million. The increased EBITDA is mainly acquired growth, not organic, and the acquisitions taking effect in the new financial year, meaning that the cash in the bank will not be there after they finalise the acquisitions (not to mention the dilution to due the part share consolidation).
Add to My Watchlist
What is My Watchlist?