As expected and well flagged a very disappointing result (particularly the ongoing loss of AAR contracts - likely accelerated under prior management, shoots of slowing under current). Some upbeat remarks are positive, but real Revenue is now half of 3-4 years ago, Debt reduction appears to be as a result of Covid one off?
Remember EBITDA is no longer a proxy for profit due to the new accounting standards.
Note that EBITDA forecast is $2m +10% for this year, real EBITDA (old fashioned pre AASB16) is (say) $1m
Current price 22c (M Cap is $5.7 + Debt $6.xm - real cash $1? = $12m EV) 12x EBITDA - feels very high for a company with declining Revenue.
Wishing them all the best - but I am not a buyer.. DYOR
As expected and well flagged a very disappointing result...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.796M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31718 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 15000 | 1 |
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| Last trade - 07.00am 02/07/2024 (20 minute delay) ? |
| EAX (ASX) Chart |
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