I'm in as well with a small position initially.
Major growth story flying under the radar. Profitable, management owns 50% and the potential growth opportunities are huge. $2m net cash position.
At a SP of $1.60 the market cap is $16.9m. If we assume $2m PBT (guidance of $1.5m-$2.5m) and NPAT of $1.4m (30% tax rate) we're trading at a PE of 12.1 times at the moment. A growth stock like this could easily trade at a forward PE of 25+, implying we're over 50% undervalued solely based on valuation. If management kicks a few goals and continues to grow the business at this rate I'd say $5 is possible in the next 12 months.
The biggest challenge will be getting set before word gets out. There's next to nothing free float..
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Last
$11.07 |
Change
0.065(0.59%) |
Mkt cap ! $125.5M |
Open | High | Low | Value | Volume |
$11.07 | $11.07 | $11.07 | $243 | 22 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 75 | $11.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.16 | 2274 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75 | 11.000 |
1 | 1513 | 10.940 |
1 | 1000 | 10.880 |
1 | 5000 | 10.500 |
1 | 4 | 6.500 |
Price($) | Vol. | No. |
---|---|---|
11.160 | 2274 | 1 |
11.170 | 1100 | 1 |
11.180 | 500 | 1 |
11.280 | 1000 | 1 |
11.350 | 720 | 1 |
Last trade - 11.39am 16/08/2024 (20 minute delay) ? |
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TPC (ASX) Chart |