I have just had a quick scan through. Saying revenue affected due to a one off in 19 that skewed the 19 result but looks like a small organic growth.
$2.3 EBITDA and $2.6 NPAT ahead of the $2.1 EBITDA they announced only a few weeks ago?
As a long time investor, to me that is a better than expected result compared to 2 weeks ago and a huge turnaround to this time last year when I thought it was gone. The view I am getting is they spent the last year cleaning up the mess that was left behind by the previous Management Team. They are saying growth through the International Teams to come, so that's a wait and see. Profit wise compared to ST1, Vonex it's still a good result as its an actual profit $2.3M profit and the $2.4m cash is in the bank.
Grow and I think it will fly. Acquisition is required. A potential takeover target.
Interesting to see how the International Teams capability pans out. I need some time to do some analysis.
CCG Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
