GLB 0.00% $2.90 globe international limited

Looking at the CEO's commentary in the annual report about...

  1. 1,236 Posts.
    lightbulb Created with Sketch. 45
    Looking at the CEO's commentary in the annual report about growth continuing ( doesn't say it's slowing ) so can assume around 30% increase in rev in 2016. According to my rough calc approx 15 % of rev drops thru to profit so we can expect profit next year to be around $10 mil to $12 mil. Apply a growth multiple of 15 to 2o and we have a market cap of $150 mil to $200 mil. That's $4 to $5 SP. looking for to the AGM commentary.
 
watchlist Created with Sketch. Add GLB (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.