General Discussion, page-1776

I guess it's in the markets DNA to stop valuing future growth when a world recession is on all the forecasters lips. I think we are stuck with no growth premium until a brighter future is assured.

The NPAT from operations , rose from $1.3m in 2019 to $3.7m to $8m to $10.2m ( $14.3m before the provision for a potential bad debt.) in 2022. No slackening of growth evident in those numbers.

The PER dropped from 61 to 29 to 14 to 11 (8 before the provision) after the 2022 results were announced..

The provision for a potential bad debt was a stand alone, possible but not certain,1.5c /share cost to the companies balance sheet.

Any ongoing effects were mixed up with a general decline in the market for the companies products in H1 23 ,where units sold have been reported to have dropped 14% from 2022.

The Share price has dropped further because of this from 38c to 21c a fall of 45%.

The people who work for the company and know whats going on aren't acting as though the loss of Greenmo and the current market downturn are anything more than a hiccup that likely cost the bottom line a few cents a share not 19c or close to 50%

What have those in the know been doing since they became aware of Green Mo's difficulties.

(1) The MD spent $3.5m buying 10M shares in October last year presumably from CS third nominees which is most likely the Instos who joined in 2020 at 45c.
(2) In April the company acquired 30,000 m2 of land to provide for expansion of production capacity.
(3) Graziano Milone told a group of Journalists in July that he was budgeting for sales of 120,000 units next year.

Sounds like a pretty bright future to me.

Hi Footmax

The only EV market that has been saturated early is China. The conversion to electric is a given and India has massive potential as the conversion gains momentum IMHO.