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$1.35 empired ltd

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mariner25

44 Posts.

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15/06/17

16:37

Post #: 25299024
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Originally posted by Meowau ↑

Ty for this thread. Was very excited about the estimated all time high of $15m ebitda. Then examined 1h 2017 results to see they managed only .91 cent earnings per share from $6.4m ebitda. Now a significant 36 million share dilution. At $.50 per share and an analyst estimated 3.3 cent earnings for 2017, the p/e is 15. Return on equity has been in the single digits for the past few years, I guess due to the enormous costs of generating additional income by this company. No I'm done. I am a value growth investor. At a p/e of 15, the only upside and value to be made is if they hit their 2018 and 2019 estimates of 4.7 and 6.0 cents. And even then, this company is not cheap.

Much of this future success is already priced in, and who knows how many more capital raisings there will be between now and then. Out today at $.47 and happy to be done. Risk reward not worth it. There may be a nice jump if full year earnings are met, but the price will be hit hard imo if they disappoint. Company has historically been too inconsistent for me to want to take that bet again. May buy again if there is an overly excessive sell off and we are backs to the mid twenties again.

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First time poster again.....

EPD Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
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