Agreed.
We need to see more sales. Current asking price is almost 10x revenue (as booked in financials). So not as sexy as it looked in the 20c park.
Interestingly, the revenue booked to December 22 includes unreceived amounts totalling 6.62 million per note 12 of the financials. But the 22 million in signed contracts was announced in December/January, and the 4C reports will only report actual cash received not accrued income. So, it appears at least in part that the 22 million contracts have not been booked for 22FY and will form part of the 2023 accounts (January order for sure, not included here).
We need a big order, to cement the confidence we have. Seems likely to start making constant sales but we can all be sure it’s not quite that obvious for a massive run just yet.
DRO - Chart and TA., page-117
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Last
$1.32 |
Change
-0.080(5.73%) |
Mkt cap ! $1.146B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.32 | $12.04M | 8.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 134196 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 40000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DRO (ASX) Chart |