Besides the uncertainty surrounding the lawsuit against the LSS co-founders & Kin Dog's list of failed acquisitions, projects & broken promises growing longer than @crazydave1942's ying-yang, I think the most important insight into ICI's prospects, the financials, have shown a remarkably positive trajectory?ICI's recent results are better than hundreds of companies currently listed on the ASX
If ICI just coasts along this year to realise even 50% of the $6.9M adjusted EBITDA of FY2024 as profit (FY24 net profit was $0.38M), I expect SP should easily triple to around at least 4.6 cents ($60M mc) landing below the average P/E ratio of around 20-25
Anyone that's sold or is selling at the current level, why?
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