Duncan Stone comments "It is my goal that EGL grows to become an ASX300 company within eight years by providing environmental services to large industrial and commercial water users and air emitters in Australia. Achieving this target will require a 100% increase in revenue with a return to profitability in 2007/08, and then annual revenue and profit growth of around 25%."
This is a brave comment - a 100% increase in revenue in 2007/08.. I dont think they could acheive this with organic growth alone.. increasing revenue this much through further acquisitions would require substantial funding and I doubt Stone's about to issue a trillion billion shares in order to fund such a large acquisition(s), given the most recent dilution. I wonder how he hopes to acheive this?
EGL Price at posting:
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