I have consensus at 19m ebitda, vs $24m so its a solid upgrade there (26%) . Also a beat on net cash $29m broker forecast vs $32m. Trading at 4.8 EV/EBITDA at current price, there are no other software companies fetching such tiny multiples at these larger scales.
Momentum in north america has done all the magic and i would imagine this is the most important market. As stated mixed news with ceo leaving and the conservative outlook. If this dumps on this update I will be a buyer. Happy to hold this and see if they can generate some growth, there is so much upside from these levels if they can.
Consensus have no growth in EBITDA (or revenue) moving forward and the Average price target is sitting at 95c, id imagine this will rise after this update.
Ann: FY2024 Trading Update & CEO Transition, page-6
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74.5¢ |
Change
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Mkt cap ! $130.0M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 78.0¢ | 74.5¢ | $121.9K | 157.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 73.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.5¢ | 200 | 1 |
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