If you set aside the $1.36 million impairment then add that back onto net profit you get a figure for net of $3.31 million.
On revenue of $18.97 million, this gives you a net profit margin of 17% on revenue. Wacko. outstanding.
I hope EON can get that liquidity event moving forward swiftly, such as a Nasdaq listing, IPO, outright sale or whatever. Anything that enables SEN’s far sighted and fabulous previous investment to be monetised for the benefit of SEN shareholders. This alone could ensure SEN SP multibagging.
Why is there increasing urgency for an EON liquidity event?
The Donald Trump diversionary clown circus has helped allow strong wealth creation through for instance equity market gains arising from the Rape of America by already rich people that is underway in plain view.
The effects on markets of Trump’s extraordinary swindle of the US$2 trillion debt-funded personal and corporate tax cuts can’t last forever and probably can’t be repeated.
I would rather the EON liquidity event occur into a rising market trend rather than the other side, after the inevitable market crash occurs. The difference in the effect on SEN shareholder returns would be substantial.
Hopefully we’ll get serious EON news within months.
Enough of this. Congrats SEN, great final accounts for fiscal 2017-18, with everything pointing to an even better 2018-19.
As ever with SEN, patience is required.
SEN Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
