I'll add to that, company has debt of $1.4m, $5.7m cash as of last quarterly and is currently operating cash flow positive so sub $20m EV after the massive drop. New CEO appointed with experience as a director opening 600 subway stores in the UK and was previously the GM of Subway NSW & ACT.
It's definitely been sold down irrationally low but there could still be more downside turbulence over the next few days. Might struggle through some tax loss selling before calming down and finding a more reasonable price. I think it's one worth watching for a basing pattern and will likely provide a safe entry over the next month or two.
"Due to the above factors, the Directors advise that FY2018 sales revenue is now expected to be in the range of $36 to $37 million, which in turn is expected to generate FY2018 EBITDA of between $3.0 and $3.3 million, including the profit of approximately $1.8 million arising from the sale of properties during the year."
(20min delay)