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12:33
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Originally posted by Fike
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Even with the current run up in the SP it is still only trading at just over 10 times historical earnings. The recent sales momentum will ensure that 2019 earning will be a minimum of $10 mil and possibly $12.5mil with the help of Salt Crew (which is launched in Australia and Europe). The recent decline in the A$ will also boost US sales further than the 10% growth in 2nd half 2018. SO at a minimum this is trading at around 8 times forward earnings. After the AGM update I expect that it will trade near double it's current price.
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The Globe AGM will be hotly anticipated. I wonder if Solomon Lew will actually attend. God willing I will and congratulate the GLB team for an outstanding result.
