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8.0¢ archtis limited

Ann: Proposed issue of securities - AR9, page-14

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Rickmuz

53 Posts.

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25/10/23

07:05

Post #: 70517933
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Originally posted by rasaj: ↑

Let's not lose sight of the fact revenues have grown by approx 12x since EOFY2020. If my back of envelope is correct, that should be 20x by the end of this FY.

The business is on track to become CF+ and profitable.

These are positive.

However, in ny opinion, reaching CF+ and profitability is the minimum for a business. Not something deserving of a specific performance bonus - not least when shareholders can "back of the envelope" the proposed performance hurdles at the start of the FY.

As I've said many times, I'm not fussed by the share price movement (or lack thereof). Based on my DD I believe the market has materially underpriced the business, and am happy to hold.

I am not happy, however, to reward mediocrity.

Perhaps revenue per share growth, roic hurdles, or eventual 3 year eps growth are other ideas for bonus consideration, but not what's been nominated currently.

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I've asked some questions in the investor relations so will see what they have to say. Earnings per share is a better reflection as the financial engineering that takes place is always interesting.

AR9 Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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Last 8.0¢		Change 0.003(3.90%)		Mkt cap ! $22.64M

Open	High	Low	Value	Volume
7.9¢	8.0¢	7.9¢	$28.12K	355.2K

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No.	Vol.	Price($)
2	105603	7.9¢

Sellers (Offers)

Price($)	Vol.	No.
8.2¢	22111	1

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No.	Vol.	Price($)
2	105603	0.079
3	64127	0.076
4	283576	0.075
1	30000	0.072
1	19000	0.071

Price($)	Vol.	No.
0.080	27406	2
0.082	22111	1
0.083	78636	4
0.084	240000	1
0.085	51776	2

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