One thing I think we have missed is that Umbers has lost his right to perfomance shares.
So in calculating market Cap now, Those shares dont factor in that calculation.
Also any performance options, Nil and dont count towards market cap.
So we have 3.1 Billion in sales, Gross Profit of 1.2 Billion.
32% Margin on sales. 390 Million Market cap.
And the Problem is ?????????????????????????
Most Companies on the ASX and around the World would kill to have Sales almost 8 times their Market Cap.
Gross profit is 3 times the Market Cap.
And there are stocks flying high on Multiples of 50 times earnings.
Many stock fly on zero revenue, So if you want to negative MYR, go ahead.
But explain why using NUMBERS
(20min delay)