AVA ava risk group limited

Ann: Q1 FY2024 Trading Update, page-8

  1. 981 Posts.
    lightbulb Created with Sketch. 101
    The company announced a 3-year growth outlook with the first year achieving $36-45M in revenue and 15% EBITDA margin. We shareholders first heard it from, not Mal, the previous CEO Rob.

    Basically the company will miss the target two years in a row if the revenue for FY24 is only 33M. The company can't just used the same slide every year and keep telling people "we are looking into the next 3 years". That's just so Cathie Wood.

    Again, I won't be so pissed if Rob just kept his mouth shut. $33M is not terrible but it's not gonna boost the sp by 50%. Not sure how did you come up with this calculation
 
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