I fear it may do so Hicks.
The main buyer the last few months seems to have been Gordon.
Excluding any announcements before the half year result at end February, then it will be that result that the market will look at.
EBITDAI which is $3-4m down on last year my not be treated well, although that decline is likely factored in to the share price now already. However I would have also thought that we may have some early savings in Neil's initiatives coming through to offset that.
Certainly a $3-5m increase in EBITDAI on the other hand could see a swing up in the share price and potentially a good swing too.
So look to that half year result first, if its neutral or a little down on last year, maybe ok, not great but ok - and then you'll need to look to the full year results later in the year.
I'd like to hope that the full year profit is at least $10m (up from 4.1m) and better still 15m. This would show that the company is turning around and their initiatives are working.
As for the future in five years I'd like to see them making $60-80-100 million. I think Neil and the team have identified some $20m in Global sourcing savings alone over the next few years.
I fear it may do so Hicks. The main buyer the last few months...
Add to My Watchlist
What is My Watchlist?