It won’t get there unless one of the instos on the register want out ie Perennial Value, Regal etc.
<$100m EV is cheap IMO given the business is generating positive free cashflow (~$8m in FY20 IIRC, and ~$2m 1H21 with macro headwinds and significant investment in anticipation of future growth), has just established itself in the large US market, and the transition is well underway from a project to subscription revenue based model.
Might need to be a little patient but AMX is certainly not overvalued and risk/return is still attractive here IMO.
100% upside achievable over next 18 months IMO.
AMX Price at posting:
$1.15 Sentiment: Buy Disclosure: Held
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