OPA 0.00% 1.5¢ optima technology group ltd

Livewire claim: near profitability for BID

  1. 96 Posts.
    lightbulb Created with Sketch. 10
    Hi guys,

    I'm new to BidEnergy amd came across it thanks to Livewire. A fund manager on Livewire made the claim that BID is near profitability, however this doesn't make sense to me. I read a FY19 fin report from earlier this year and BID's NPAT was in the order of -$4.5m (on approx 9m revenue). EBITDA was -$3.9m (after income tax benefit). Can someone help me understand how the FM from Livewire might have concluded that BID is near profitability?
 
watchlist Created with Sketch. Add OPA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.