Agree. CMP's $4m EBITDA forecast compares to SOM's forecast of $2-$4m, yet SOM is $100m cap and CMP is $20m.
I think there is room for them to beat the figures they've given us, but my optimism is tempered by the fact that they need to hit these targets first before the market starts to respect their forecasts more.
A raising would be a positive so long as it came with a more concrete strategy moving forward. Ideal would be a demerger with cash used to fund the core business/reduce backlog and a focus on e-health.
Its been a while since I've seen a small cap tech stock trading on a forward PE <8-9x.
CMP Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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