Quite a pleasing set of results reported. Cash conversion was the positive surprise. The skeptics have gone very silent... My prediction is EML will exceed consensus EBTDA of 26.5M by 10% next year. 29M is my guess. The Virtual Card division is exiting the year with considerable growth run rate which the market has not foreseen. I predict 100 new programs launched in 2019. This should add a further 0.5B in GDV which yields 100bps revenue and 90% GM. Expect further contract wins and 2020 EBTDA of 38M. Based on current market multiples for high growth technology stocks on the ASX, I see no reason why EML should not gradually re rate back to 20x EBTDA forward multiple. If that eventuates, the shares should reach $3 within 12 months. I'm extremely glad I own this company. Well done Tom.
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Quite a pleasing set of results reported. Cash conversion was...
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Last
93.0¢ |
Change
-0.010(1.06%) |
Mkt cap ! $348.8M |
Open | High | Low | Value | Volume |
93.0¢ | 94.5¢ | 90.0¢ | $2.003M | 2.165M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 33790 | 92.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
93.5¢ | 4837 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 33790 | 0.925 |
3 | 12190 | 0.920 |
2 | 25464 | 0.915 |
3 | 21099 | 0.910 |
2 | 25000 | 0.905 |
Price($) | Vol. | No. |
---|---|---|
0.935 | 4837 | 2 |
0.940 | 11790 | 1 |
0.945 | 16522 | 4 |
0.950 | 53300 | 3 |
0.955 | 30000 | 2 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
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