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clock Created with Sketch. 26/10/14
15:31
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Originally posted by Homer
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The stand-out information for me is about Epichem. It is already truly international and profitable, which is most impressive. The new information is the objective to aim for 1% of the market or US$10m in revenues by 2020 (perhaps A$11-12m?). This compares to A$1.89m in 2014. So somewhere between an A$8m increase in revenue at parity or $10m increase if the A$ is at 80 cents over six years. The bulk of this revenue increase should fall to the bottom line. Not bad at all. And what is important to me is this is not some pipe dream. The business was formed in 2003 and is already more than 10 years old. The creation of this business is a success and a credit to management.
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Perfectly summarised. Epichem whilst already being sustainable and profitable has big plans ahead which alone suggests value at current share price.
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