$4m revenue looks about right to me. The latest quarterly showed 43% growth in the Australian segment. I think it's reasonable to annualise this given it's mainly due to the expanded professional risks team and the boost from cyber will last a while.
43% growth takes the Aus revenue from $2.4 to $3.4m. Second half should see some contribution from the new environmental lines. This should get us close to $4m.
Maybe some upside too. Strong possibility an aquisition or two. The AGM address mentioned "new distribution models" which could be a move into broking?
ENA Price at posting:
24.0¢ Sentiment: None Disclosure: Held
