A lot of effort there Michael2...but you have missed the absolute key to come out of this result, and one that needs to be raised with management....
Page 74 of Annual Report
The World Without Wires (WWW) acquisition contributed $1.665m before tax (on revenues of $3.052m) - good business but not sure it is sustainable.
So without WWW, the underlying Spirit business incurred a loss before tax of ~$0.6m against a profit of ~$0.83m in FY17 - a ~$1.46m negative turnaround despite higher revenue and building rollout??
Deprecation was ~$0.5m higher than FY17, so EBITDA ~$1m down?? I have no explanation.
So the stock is trading on EV/EBITDA of ~14x FY18 with WWW 55% of EBITDA. Expensive or requires underlying Spirit business to really turnaround - FAST!
A lot of effort there Michael2...but you have missed the...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ST1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $83.36M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 211531 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 20500 | 2 |
View Market Depth
| Last trade - 11.22am 27/08/2024 (20 minute delay) ? |
| ST1 (ASX) Chart |
Day chart unavailable