In August 14, around fundraising, Fosters produced a note expecting $41m revenue and $6m EBITA.
They have just reported $28m revenue and $3m EBITDA.
Fosters had them in for $88m of revenue in 2015. Looks like they will do well to do $50-55m.
Probably another cap raising too during the year. Last one they did at 55c. Most likely the next one will be to US investors, perhaps combined with US listing. But hard to see it being anywhere near 55c.
NNW Price at posting:
36.0¢ Sentiment: None Disclosure: Not Held
