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Maybe...maybe not.. You're in denial cos you cost is way above...

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Kepo

1,459 Posts.

42

14/07/17

10:52

Post #: 25863789
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Originally posted by oxxa23 ↑

oh broken record....you literally make this comment every time to try and down ramp...

The conservative forecast for 2018 said an EBITDA of 5.75m..... and there total debt is $8m.... so pretty hard to think that all of that $5.75m is going to be soaked up in a 12 month period by debt repayment....

Even if the full $8m was on really bad terms of 15% over a ridiculously short 5 years this would mean repayments of $2.28m annually..... that would still leave $3.47m free cashflow....

Not to mention their tendency for under promise and over deliver (albeit except the indue timeline)... a fair example of that was stated today:

"This time last year we originally had a milestone
revenue target for FY17 of $5million and our actual revenue was nearly double that amount this year
and we originally achieved our target in February of this year."

They doubled their initial forecast for 2017.... I'd be ecstatic with even 25% this year!!! They do have proven history of far exceeding their forecasts.

You're running out of time to criticise this stock Kepo.... Because in a month or so we should se the audit full year accounts for 2017... This should be the time when people see the forecasts and promotion become audited actuals.... Add to that the then likely massive increase for the September quarterly, which will be the first full quarter of Indue revenue.... and well... market sentiment should have changed completely...

Then we'll have the start of the eftpos products rolling through.... any fears people have of cash is dead will soon be eleviated with this stock when eftpos money starts to take up a heavy % of our revenue... Of course it wont be overnight...

I asked management a while back where they saw the business in 5 years revenue break-up wise... and at that stage they forecast ATM revenues was going to be as 30% of the overall revenue...

Expand

Maybe...maybe not..

You're in denial cos you cost is way above market price..back then I said 3-4 cent was overpriced and then the market agreed when it dropped..

One of these days thou your hope will come true and market will rerate i think, but maybe not until next financial year or 2 when we can see all the management optimism gets translated into free cash flow.

Imo. Dyor

STL Price at posting: 2.5¢ Sentiment: None Disclosure: Not Held
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