Thought this would be a much better place to discuss the fundamentals and first day of trading. Revenue in FY17 was ~12 million from the merged buisness and is expected to be anywhere between 25 and 60 million in fy18 based on performance shares. These performance shares only best if 25/60 million in sales is obtained with a gross margin of 13%. At 60 million sales and a gross margin of 13% I estimate 2 mil + profit (excluding ipo fees).
AuMake is expanding from 5 to over 20 stores in the next few years and is currently in a red hot lucrative market with products such as A2 infant formula being in extremely high demand. I have fair value for the buisness at around 20 cents (50 million market cap) based on a profit after tax of approximately 2 million in fy18 (excluding ipo fees) and a 25 P/E ratio. I'm guessing we will be making our way towards this value very quickly on the open on Thursday. GLAH and DYOR
AU8 Fair Value is 20c+!!!
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0.5¢ |
Change
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Mkt cap ! $13.56M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $125 | 24.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 12473818 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 7145588 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AUK (ASX) Chart |