not sure why that would be. given the cash flow statement reads 2.4mil (other), that should be the relevant figure.
offsetting currency loss of 1mil, results in an adjusted npat of 3.6mil which is flat cf 2020 record half after adjusting for the small currency loss that half.
given that they should be able to obtain revenue growth rate in the high single digits now that amalgam has become irrelevant, we might be able to expect bottom line growth of 15-20%?
for a company with an ev of 85mil and even if we just double the adjusted ebitda of 7.2mil (conservative given the usual weight to the second half) that gets us 85/14.4= 6 which for a company that I hope will be growing the bottom line by at least 15% from the point on, in a defensive mature market, is a very attractive proposition
SDI Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
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