some numbers

A quick look at some bits:

Cashflow increases over the last twelve months:

Dec '06 - $6,989,000
March '07 - $8,378,000
June '07 - $17,396,000 - Synergy taken into fold.
Sept. '07 - $16,227,000
Dec. '07 - $17,835,000
March '08 - $21,945,000

Given that the past quarter was cashflow positive to the tune of $3,319,000 and the current rate of growth in revenue between Dec.'07 and March'08 was roughly 23%, I am hoping for at least a $1,500,000 increase in revenue and the same increase in operating cashflow.

As for EBITDA, given the bulk of the redundancey packages should have been paid out in the first quarter I figure the low end of the scale would be to hope for a $1,500,000 or at best around $2,300,000.

If all goes well and they consolidate and do not buy anything (hopefully), FY08/09 would bring a EBITDA profit of around $9,200,000 on total cashflow of $92,000,000.

These figures do not include the announced cost savings of $8,000,000 ($2,000,000 announced in Feb.2008 and another $6,000,000 announced in March'08 quarterly).


Synergy has been the obvious driving force behind the large revenue growth through 2007 so it's good to see that Hyro is now being ran by Synergys' management team.

With 531,078,797 shares on issue the current value of the company is $24,429,624, it would be fair to say it is currently half price. IF all goes well and EBITDA is around $2,000,000 at the end of the current quarter, (I think) that would increase the value of the company to around 12c plus a cent or to for the value of the new managment.

Fingers crossed all goes well.

Regards.