ICT on Sparkler Watch, page-5

Hi Chillam,

Not too concerned here with $2ok worth of sales given the capacity of the register.

Mkt cap is $6m
Cash in bank approx. $3.8m
EV  of $2m
Revenue approx. $650k/qtr
Very decent enrolment revenue forecasts
Reference to CRICOS international courses
Listed ICTOB's (ex 8c) will add a further $5m in cash if company hits some big goals and gets options in money.

This won't be an exciting gold/lithium pump play, but it might turn into a yield play if they hit their forecasts.  And there is no shortage of cashed-up funds searching for yield + return.

I think most will be looking at their burn rate and if it can turn a cashflow +ve qtr this qtr. If they can then a re-rate will follow imo