Guys,
if you are going to post comments on the financials make sure you actually take more than a glance at them.
The reason the eps did not go up as much as revenue is twofold:
1; the company is now paying the full wack of company tax, 2.9 million as opposed to 840k last year, this has equates to nearly 3 cents a share, this is why ebitda is the ratio that is more comparable.
2: Deprication was significantly higher reflecting the larger scale and the building up of the business, and remember that this item is a non cash item ,ie it does not cost them a penny of money in the bank.
The outlook statement today was exciting , how many other industrial companys out there are forecasting as a base case for the 09 year of 100% ebitda growth,
this is a premium grade small cap investment stock, i for one will be stoked if they do 26 million ebitda this year.
Guys,if you are going to post comments on the financials make...
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