FY23 Revenue & EBITDA forecast is a 10% increment with Revenue up to 40mil and EBITDA up of 4mil With management emphasizing the need to improve cash and profit margins.
All these figures exclude the MEG sale to China and any other potential deal that may eventuate.
One can assume that SP was beaten down and was exaggerated to the downside. It may take a bit of time for SP to recuperate but as market sentiment improve and a few positive news from the management (who received a wake-up call in the last few months in relation to the need of updating Shareholders.)
Current M/Cap @ 42mil with 7mil in cash gives an EV of 35MIL a few million lower than its annual revenue with an EBITDA of 9 times to EV
Lots of potentials and as usual lots more patience to see it climbing up
CMP Price at posting:
25.0¢ Sentiment: None Disclosure: Held
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