So based on the numbers they've provided (expecting 30% growth in Managed and Professional Services and keeping Product growth consistent with this year) they will certainly hit their $100M revenue target however more importantly, using their margin numbers, I get an EPS for next year of $0.0192. Anyone interested in sanity checking my results?
If I'm correct that places the current share price at 2x earnings, which I'd peg as undervalued.
I'm an ex-holder that missed the spike, however continue to follow this not so little Perth based IT company!
CNW Price at posting:
3.8¢ Sentiment: None Disclosure: Not Held