@madamswer Wondering if you have done any work on this company. IPO’d late last year at 50c.
Market cap @ 80c = $160m Net cash about $30m at 30 June 2022 Enterprise value $130m
From today’s CEO address: Revenue forecast 2023 $160-167m EBIT forecast $15-16m EV/EBIT(midpoint forecast) = 8.39
Not bad for a company growing at double digits with strong retention rates and a diversified customer base, including Government and Defence contracts.
Dual strategy outlined in various presentations makes sense and have also shown strong diligence withdrawing the MOQ takeover offer when a bidding war broke out.
Director bought 400k shares at 76.25c, 29 Sep. Significant amount of shares held in escrow, good amount recently released.
ATA Price at posting:
80.0¢ Sentiment: Buy Disclosure: Held
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