Decent update. Few things I was looking for.
Pipeline:
US High conviction number is low ($1.3m) and the total pipeline of $13.1m is a bit lower than I expected.
EU High conviction pipeline is decent ($11.3m) which combined with UK pipeline ($11.7m) looks very attractive.
The Middle-east update is in line with my expectations. That is, it might happen - it might not, and continues to be to my view worth $0. The lack of payment remains a concern.
Given I discount the ME deal - I believe their High Conviction pipeline to be $30.9m (v. $116m total pipeline) - this is primarily to reliable and wealth countries. I'm positive on this. Assuming a 30% conversion rate i'll expect to see revenues of between $9-12m for FY21.
Net Tangible Assets of 6c per share is decent for a speculative/growth company.
I don't think this will see material shift in share price. Likely can continue to acquire around the 16-17.5c range.
Decent update. Few things I was looking for.Pipeline:US High...
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Last
$1.24 |
Change
-0.050(3.89%) |
Mkt cap ! $1.077B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.31 | $1.22 | $15.13M | 12.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 101701 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 46552 | 3 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |