The CEO has stated that they have a medium to long term goal of increasing sales to between 100 - 150 million (interview with Alan Kohler dated 4 June 2020):
What’s the medium to long-term plan, Joe? What are you trying to build?
I think from a scale perspective, we’re about $50-odd million of revenue. In the sector that we’re in and with the competitors around us, we need to be in that $100 to $150 million of revenue and then potentially we’re an acquisition target or we might roll up into another business of a similar size, that will be the plan. But we’re having fun doing the acquisitions, it’s a great sector to be in, the technology’s changing all the time and it’s obviously in high demand in these current times.
So that is 2 X 3 times to what it is today. So on a very basic calculation based on yesterday's closing price of $1.59, a target for the share price could be $3.18 (2X) to $4.77 (3X). Of course, this all means nothing, but it is fun to speculate. DYOR.
- Forums
- ASX - By Stock
- Price Target
The CEO has stated that they have a medium to long term goal of...
-
- There are more pages in this discussion • 93 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 5GN (ASX) to my watchlist
|
|||||
Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $46.96M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 15.0¢ | $176.5K | 1.175M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 5273062 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 1213149 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 5273062 | 0.150 |
5 | 1830344 | 0.145 |
6 | 264215 | 0.140 |
4 | 32228 | 0.135 |
2 | 15398 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 1213149 | 14 |
0.160 | 883201 | 14 |
0.165 | 501696 | 9 |
0.170 | 436424 | 5 |
0.175 | 111404 | 5 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
5GN (ASX) Chart |