The more I read about this company, the more I like.
- Current mkt cap of c. $14m - Underlying NPBT of $2.44m (up 170% YoY) - EBITDA of $5.7m (up $4.5m YoY) - High level of Director Shareholding (and increasing) - Beginning to self-promote via Investor Presentations (21/09/12) - Low level of debt with debt/EBITDA less than 1x - Successfully embeded Odyssey acqusition (June 2011). The acqusition is targeted to be fully paid of this current financial year! - Victorian Poker Machine law liberalisation opens the Victorian market to this company which is primarily in NSW/QLD Pokies - Exclusive distribution agreement with WMS Inc ($1.4B US Mkt Cap company - so small T/O possibility here)
Taking all this in to consideration, an underlying PE of 6 is nonsensical.
I think people are starting to take notice given the pop in volume over the last 2 days.
IMO this is a multi-bagger in no time.
DYOR - IMO ONLY
ITQ Price at posting:
93.0¢ Sentiment: LT Buy Disclosure: Held
