I agree, but even ignoring NNZ-2591, it just frustrates me that the ownership stake in Daybue isn't being valued correctly by the market.
I know I am preaching to the converted here...
The market gives us no credit for the fact we are cash flow positive, have reported a net profit after taxes for 2023, and we have huge growth opportunity backed by solid intellectual property and fantastic execution by a fantastic management team who have shown that they can monetise their IP without crushing shareholder value.
Investors would rather buy GYG at a circa 3b~ for 'underlying' EBIT of 12m in FY24 only growing to 25.4m FY25. The NPAT being negative (-2.2m) due to deprecation of running a business like that. Seems like a bargain hey? For comparison our profit before tax for FY2023 was 205.1m.
I agree, but even ignoring NNZ-2591, it just frustrates me that...
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Last
$21.27 |
Change
0.650(3.15%) |
Mkt cap ! $2.718B | |||
| Open | High | Low | Value | Volume |
| $20.84 | $21.56 | $20.76 | $7.760M | 364.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1378 | $21.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.29 | 218 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NEU (ASX) Chart |