Water under the bridge. The company obviously had no financial discipline in the past and squandered cash on R&D with huge costs overrun. Now Ben is gone and in the short span of 2 months since he's been gone:
- The company has signed 3 contracts worth AUD380m - USD$120m from Ukraine and $202m today. The backlog at Dec 22 was over $300m, so we have more than doubled the backlog within a few months. The EMS division, afaik, has much higher margin than other divisions.
- I looked back several years and even when the SP was $5-$10, the company has never signed such significant contracts. The biggest contract was $34m back in 2020.
- Cash on hand is at $45m, with $80m debt, $20m of which is due in September. This was a worry a few months ago when cash dipped to $20m, but should be ok now.
- $25m cost cutting, likely to bring the company back to profitability this year.
- It's hard to estimate due to the nature of the business but I'm expecting revenue to go to over $200m given all the new contracts and also delayed revenue from last year due to supply chain problems. The company was making $16m profit in 2019-2021 with less than $200m in revenue and high employee costs so my target for FY2023 is $30m-$40m in profit. A market cap of around $300m or $1.8 per share after 12 months is not out of the question.
This is the best shape the company has been in its entire life.
- Forums
- ASX - By Stock
- EOS
- Ann: EMS division secures contract valued at up to A$202m
Ann: EMS division secures contract valued at up to A$202m, page-28
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EOS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.20 |
Change
-0.060(4.76%) |
Mkt cap ! $233.4M |
Open | High | Low | Value | Volume |
$1.26 | $1.26 | $1.20 | $543.7K | 447.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 21942 | $1.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.20 | 12739 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 21106 | 1.195 |
4 | 6084 | 1.190 |
2 | 3050 | 1.185 |
7 | 21513 | 1.180 |
3 | 66321 | 1.175 |
Price($) | Vol. | No. |
---|---|---|
1.200 | 12739 | 3 |
1.210 | 4849 | 2 |
1.215 | 1980 | 2 |
1.220 | 10000 | 2 |
1.225 | 48074 | 2 |
Last trade - 14.18pm 17/06/2024 (20 minute delay) ? |
|
|||||
Last
$1.21 |
  |
Change
-0.060 ( 4.36 %) |
|||
Open | High | Low | Volume | ||
$1.25 | $1.25 | $1.20 | 30168 | ||
Last updated 14.44pm 17/06/2024 ? |
Featured News
EOS (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online