Agree.
Of course there were a lot of negative points made at the AGM, none more negative that it appears June 2024 is now the Boeing/FAA scheduled approval month. And certainly i was very disappointed with the new schedule. But my view is that the market reaction has been to throw the baby out with the bathwater!
If you consider the P/E ratio upon achieving a positive total group cashflow, and we're at that inflection point now, its not difficult to consider what NPAT needs to be achieved for a PE of say 20.
Assume 140 million total shares, and current share price of 51 cents (make it 50 cents for ease of calculation)
Mkt cap = $70 million.
ie For a PE of 20, then NPAT = $3.5 million.
If the share price moves lower we are looking at NPAT's below $3.5 million. IMO that is not difficult to achieve, given that the non-CVM revenue is increasing, and if Ross is proven only partly correct, with say CVM revenue (the majority of which is straight out profit) closer to say $10 million pa!
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Last
54.0¢ |
Change
-0.040(6.90%) |
Mkt cap ! $74.17M |
Open | High | Low | Value | Volume |
57.0¢ | 57.0¢ | 53.5¢ | $49.84K | 91.57K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 19621 | 54.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
55.5¢ | 1100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 19621 | 0.540 |
2 | 5040 | 0.535 |
2 | 10800 | 0.530 |
1 | 10000 | 0.525 |
2 | 16538 | 0.520 |
Price($) | Vol. | No. |
---|---|---|
0.555 | 1100 | 1 |
0.560 | 28000 | 1 |
0.570 | 6821 | 2 |
0.580 | 1999 | 1 |
0.610 | 5687 | 1 |
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