If you read the post you will see I note that APAC makes an insignificant contribution to EBITDA and that the US is where the money is being made.
You don't think CDD will achieve $45m EBITDA FY2021?
We will have the half yearly results by the end of next month.
We will see how the business is travelling then.
As to your other comments:
- They don't do large projects only small stuff where they lose money --- No, they are not losing money & earnings are improving.
- Zero engineering in US --- Okay, but so what?
- No presence in Europe --- Again, so what?
- No significant presence in Asia -- Ditto.
You may be right about manipulation. I think it is manipulation that may have got the share price down to these low levels. Just watch how the latest buy back is managed.
IMHO CDD is a bargain at current prices.
Cheers.
