PYG 0.00% 99.0¢ paygroup limited

Ann: Record FY21 results deliver positive EBITDA, page-67

  1. 677 Posts.
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    I believe the coming half yearly update will be very positive. I downloaded the audited financial statements for Astute from ASIC and it shows an EBITDA of $4,627,830 for the 12 months to June 2020. My understanding is that they dodged the worst of the pandemic, so if one business unit generated that profit and they have been making huge advances in revenue then the profit figure should be seriously impressive.

    Let's assume that they just repeat $4,627,830 in the 12 months to March 2022. Surely they will pick up another $3m from the other business units?

    I can see a clear path to an EBITDA of more than $7m which certainly makes this look cheap.
 
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