Well I don't know what this market wants from these guys. 2020...

Well I don't know what this market wants from these guys.

2020 EBITDA $4,8Million 2021 EBITDA now estimated between $8.5 to $9 million. Acquisition share issues were not much around 3%.
The 2020 H1 Ebitda was $1,4 million the second half of 2020 was, therefore, $3,4million.
The 2021 H! Ebitda was $4,0 million Now they are projecting that to have grown to $4,5million at the lower end.

The problem for me though is that the share price has been very low ever since the 249D was launched in early 2019. The share before that traded between 26c and around 34c. We used to acquire them at 30c or below so as we are conservative we viewed it as good value between 30c and 40c.

While they washed all their dirty linen and a very poor H1 20190 result the share dropped and on 1 July 2019, it was trading at 17c.

They reversed the problems after a management restructure and change of leadership the H2 2019 returned the business to profitability. Then it probably suffered because Sargon owned almost 20% and that kept an overhang in the market with a few stale holders adding to that. Covid did not help but the ease with which the Sargon shares were absorbed by the market should have been noted by astute holders - it's not easy in small caps to place 20%, especially in a situation where there always seems to be holders dripping shares into the market. Those lucky few acquired their shares @19c - I think but Covid took the price down to 14c.

Maybe it's a lesson for all of us that we should find these shares and buy them when everyone is running the other way.

Since then this company keeps scoring goals but the share price has still lagged performance in my opinion. Hopefully today all those who wanted out could get out and we can now start seeing what the real value of this share is. My estimation is that EPS will be around 3c to 3.2c.

Given the growth that is starting to emerge it should be considered a growth stock. With a lot of players exiting and this one gaining a foothold, I would expect a PE of at least 20 and more likely 30. So Share price somewhere north of 60c should be the norm.

Maybe it's time that management do a roadshow... Outside of holders how many people out there know who SEQ is the operating entities largely trade under their own names.