good points. in the space of 6 months Bells have cut their Price Target in half and now down to 10c post this result amd Wilsons almost as much. it's hard to see what dynamic could possibly take revenue growth to the next level. Onviously the ranch was bet on EVS Water but that has delivered zero revenue or margin improvement and now balance sheet needs replenishing even with EBITDA expected to turn positive. short of a rights issue it's hard to see brokers garnering much support for another $10m placement with this management team just promising more of the same.
EVS Price at posting:
6.3¢ Sentiment: None Disclosure: Not Held
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