NOV FY21 revenue will be circa $17.3M.
$17.3M x 50% YOY growth = $26M FY22 revenue forecast.
RKN has $75.6M revenue x 19.9% = $15M indirectly NOV revenue + $26M FY22 = $41M NOV revenue direct/indirect / $17.3M FY21 = +137% YOY revenue growth.
More acquisitions are planned & I think NOV will look to acquire RKN's entire Business Group only generating about 50% of the total RKN revenue & has over 100,000 customers. Will require the 19.9% stake increased to about 50% for about $33M to acquire the remaining 30%.
Acquiring RKN's Business Group with $38.5M revenue + $26M FY22 NOV = $64.5M pro forma FY22 consolidated revenue. This would equate to YOY revenue growth of 272.8%. The $19.7M EBITDA generated by RKN's Business Group will result in NOV being cashflow positive.
Many combinations here for Peter Cook to ignite the revenue afterburners.
Ann: Capital Raising and Strategic Stake Expands Growth Strategy, page-30
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NOV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.81M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 135000 | 3 |
View Market Depth
| Last trade - 16.12pm 10/10/2024 (20 minute delay) ? |
| NOV (ASX) Chart |
Day chart unavailable