Agree (and just purchased some)
On-track for $20.5m EBITDA, $16.5m EBIT and $15m PBT on my workings - implying an EV/EBITDA of 2.2x and PER of 4.0x tax adjusted.
Net debt down to $1.7m and will not pay tax this year so combined with a profitable H2 should end the year with net cash.
A similar business (and market cap) in Millennium services is being acquired for ~4.5x EBITDA despite a checkered earnings history. This business should trade at similar levels, so up to $1.20/share looks fair.
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $9.789M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 13.0¢ | $46.67K | 359.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 235061 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 9962 | 2 |
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| Last trade - 14.00pm 07/08/2025 (20 minute delay) ? |
| BSA (ASX) Chart |