Agree. EGN's FYE18 EBITDA will be robust. IMO the EBITDA may exceed $20.75m thus NP may be over $16m for 12 months 30 June 18. Strong cash generation and sustainable profit outlook and good liquidity cash reserves. Thinking the FY18 final dividend should be $0.02 fully franked ($6.5m @2c) at least. My estimate of EPS may be in excess of $0.05 for full year 2018. PE of 12.5x. DYOR.
The EGN team should have a great story and lots of opportunities to continue profitable growth in FY2019 and get re-rated in 2nd half on calendar 2018.
EGN Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
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