Correct me if I'm wrong gents but if they have made an underlying EBITDA of around $7.5 mil for 6 months this means the profit is likely to hit at least $15 mil this FY (underlying) on turnover of around $60 mil. That represents a margin of 25%, up from 15.4% in one year.
It could even be $16 mil less $4 mil capex, leaving an EBITDA of $12 million which is incredible. Note how they pointed out how this $4 mil spend will translate into the next FY profits which I would say has to be in the order of $20-25 mil on turnover of $100 mil (again with 25% margin) which I recon may lift to $120 mil easily now the UK is firing.
Pods, Ados, Benj etc help me here on getting a handle on the likely EPS figures because I don't want to get ahead of myself which tends to happen with my No 1 stock.
Margins increasing?
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