Well one poster appears not to be a fan... I reckon this is more than worth a punt at the current price. Not many other micro-caps that offer this:
- $1.5m EV (inc cash and net working cap)
- No debt other than leases.
- Great capital structure for future bolt on acquisitions - all part of the strategy.
- Management/Board with massive amount of skin in the game (holding 33m of the 45m issued shares)
I also think people are missing just how profitable the two starting operating businesses are if you annualise the 3 month and 6 month respective financial statements:
- $2.1m profit before tax
- $2.7m in positive operating cash flow
Hardly a terrible starting point is it?
Well one poster appears not to be a fan... I reckon this is more...
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25.0¢ |
Change
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Mkt cap ! $13.45M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15500 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 87315 | 3 |
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