KDY 0.00% 2.7¢ kaddy limited

DW8 Growth, page-12191

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    lightbulb Created with Sketch. 5649
    $119M MC - $8.4M cash + $1.3M loans = $111.9M / $21.6M run rate = x5.2 multiple.

    Should be at least x10 = $216M + $8.4M cash - $1.3M loans = $223.1M MC or about 8.4c SP.

    Appears market didn't like the increase in cash burn due to ambiguous PMOC.

    Same thing happened last year Q2 when PMOC jumped from $246k to $850k. WDA acquisition settled during that quarter.

    4.5c double bottom today on chart.
 
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