Ann: Record FY21 results deliver positive EBITDA, page-6

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thebigbadbear

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31/05/21

22:59

Post #: 53549633
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Originally posted by mdesai: ↑

Well, result is not good enough.

Not much organic growth, the acquisition related growth is one-off and will not provide impetus for growth. PYG is turning into Zoo of Multiple product/offerings coming from acquisitions, for short term this may appear as more sales as there are multiple offerings on table but to manage it cohesively and maintain NPS across board may prove challenging driving detractors.

On numbers, once we remove one off employment grant of $1.166M, one off rent concession of $63K and $8.8M of advance (from acquisition related orders) counted in cash balance. The EBIT and Cash balance is not impressive.

$3.2M cash and negative -$1.45M NPAT at the current organic growth I put fair value of SP between 26c and 30c

Would wait for next half yearly before betting my money on this. GLTAH

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$13.7m of new contracts signed..

You adjust for govt grants but not one off acquisition costs?

You seen what the market is paying for SaaS companies? Loss making ones at that...

PYG will post a profit in FY22

Also the cash balance you quote doesn't include the left over from the $15m raised for Iws acquisition

PYG Price at posting: 44.0¢ Sentiment: Buy Disclosure: Held
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Ann: Record FY21 results deliver positive EBITDA, page-6

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