Confidence seems at an all time low, despite improving fundamentals.
- CY18 net assets @ $18m (C&CE @ $19m)
- FY20 revenue forecast $25-35m
- At $0.35 on 77m shares $26m market cap
On this basis, it is roughly trading at 1x forward P/R, 0.7x forward EV/R on the lower end, and 0.7x forward P/R, 0.5x forward EV/R on the upper end.
I get they missed the FY19 guidance, but recall it was trading close to $0.50 when people thought it would hit $23m in FY19.
If it starts getting attention, a multiples expansion to 3-4x is not unreasonable, and within historical precedence.
News: OEC Orbital Corporation's Revenue Guidance For Fy20 Is Set Between $25-35 Mln, page-2
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Last
11.0¢ |
Change
-0.010(8.33%) |
Mkt cap ! $16.06M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $488 | 4.439K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7930 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 400 | 1 |
View Market Depth
| Last trade - 14.40pm 08/05/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
-0.010 ( 14.3 %) |
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| Open | High | Low | Volume | ||
| 12.0¢ | 12.0¢ | 12.0¢ | 8333 | ||
| Last updated 10.16am 08/05/2024 ? | |||||
| OEC (ASX) Chart |