Agree (and just purchased some)On-track for $20.5m EBITDA,...

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    Agree (and just purchased some)
    On-track for $20.5m EBITDA, $16.5m EBIT and $15m PBT on my workings - implying an EV/EBITDA of 2.2x and PER of 4.0x tax adjusted.
    Net debt down to $1.7m and will not pay tax this year so combined with a profitable H2 should end the year with net cash.

    A similar business (and market cap) in Millennium services is being acquired for ~4.5x EBITDA despite a checkered earnings history. This business should trade at similar levels, so up to $1.20/share looks fair.
 
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(20min delay)
Last
7.8¢
Change
-0.008(9.30%)
Mkt cap ! $5.873M
Open High Low Value Volume
8.6¢ 8.6¢ 7.8¢ $85.36K 1.052M

Buyers (Bids)

No. Vol. Price($)
1 192295 7.8¢
 

Sellers (Offers)

Price($) Vol. No.
8.0¢ 7000 1
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Last trade - 15.44pm 25/06/2025 (20 minute delay) ?
BSA (ASX) Chart
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