Hi Mal
you've bought v. well.!
Those gross and NPAT margin targets look sensible to me for a mature operation. But given TPW's current revenues are ~$63m and they are still loss-making at those levels, I think they'll need considerably higher revenue to reach a $4-5m profit.
In the June 2017 trading update the company suggested that based on the costs incurred in Q4 they would achieve break-even in profit terms with ~$79m revenue. If/when revenue grows above that we should start to see good profit growth. TPW has had a lot of losses too, so I expect it won't pay much corporate income tax for a while either. This too will help the profits grow quickly.
about 0.6, if follow rbl valuation, page-17
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Last
$13.10 |
Change
0.060(0.46%) |
Mkt cap ! $1.557B | |||
| Open | High | Low | Value | Volume |
| $13.09 | $13.10 | $12.78 | $3.582M | 275.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 468 | $12.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.10 | 14290 | 6 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| TPW (ASX) Chart |