2019 revenue review, 2020 forecast, page-2

First 2 Last

Share
Profile

Follow
Hunterr

5,623 Posts.

1284

18/01/20

21:34

Post #: 42453943
Share

Originally posted by reon1 ↑

Hi guys,

I have used the add revenue index as my source for comparison to the industry (https://adrevenueindex.ezoic.com/)

Firstly, to those moaning about December only coming in at 4% higher than November, after being up 14% for the first 21 days of Dec vs first 21 days of Nov - please see the images below taken from the index (2018 and 2019)

As you can see, November has a peak in revenue in the last week which sees the highest daily revenue for the year! This is why November closed the gap on December. The Ad Index had 0% MoM growth for December 2019, while EN1 achieved 4%.

Below is the growth in revenue for 2019 - comparing all months revenue to that of January:

EN1 strongly outperformed the index.

Using the Index for January 2019 as a model: based on the revenue for the first 12 days of January 2020 we would expect a full month revenue of $1.77m. While I would be happy for anything $1.5m+, I have used $1.77m to forecast revenue for 2020. See the graph below.

If EN1 achieves something halfway between the two forecast profiles, I would be very happy. FY20 revenue of $40m would give a PBT of roughly $5m, worthy of a SP somewhere between 10c and 30c.

If the excessive scrip issue has come to a close, then the outlook is very positive.

Thoughts welcome

Expand

I think your spot on and that is why I said I believe we will be at 10c+ by the end of the year
And I was being conservative.
if they keep on delivering

EN1 Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GRX

GreenX picks up prospective copper project in Germany

Is oil undervalued?

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

WGX

Westgold sets its sights on top five producer status through merger with Karora