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
39.5¢ |
Change
-0.010(2.47%) |
Mkt cap ! $54.03M |
Open | High | Low | Value | Volume |
40.5¢ | 41.5¢ | 39.5¢ | $23.32K | 57.39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35654 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 4367 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35654 | 0.395 |
2 | 6560 | 0.390 |
2 | 4500 | 0.385 |
1 | 25000 | 0.380 |
2 | 31000 | 0.375 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 4367 | 1 |
0.415 | 52156 | 1 |
0.420 | 7356 | 3 |
0.430 | 13500 | 1 |
0.445 | 1391 | 1 |
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