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
39.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.35M |
Open | High | Low | Value | Volume |
38.0¢ | 39.0¢ | 37.0¢ | $14.47K | 37.99K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 4602 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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39.0¢ | 40562 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 4602 | 0.365 |
1 | 21553 | 0.360 |
1 | 2000 | 0.350 |
1 | 10000 | 0.345 |
1 | 2900 | 0.340 |
Price($) | Vol. | No. |
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0.390 | 40562 | 2 |
0.410 | 50 | 1 |
0.425 | 7000 | 1 |
0.440 | 27779 | 1 |
0.450 | 20000 | 1 |
Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
37.0¢ |
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Change
0.000 ( 2.63 %) |
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Open | High | Low | Volume | ||
38.0¢ | 38.5¢ | 37.0¢ | 13502 | ||
Last updated 13.20pm 27/05/2024 ? |
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