Longdong
Agree with your sentiment, but I think you have overcooked the numbers a little, but not too much.
Imdex has stated it expects revenue growth of 45% and margins to improve. 45% growth of 06 revenue of $67m equals $97m, marging sof at least 15% equals $14.6m EBIT. I get debt of about $15m but this should get paid down pretty quickly - say less around $1m interest and tax equals NPAT around $9.5m. 160 million shares on issue (convertible note coversion is inevitable) equals EPS of 6 cents so trading on a forecast PE of around 11x. I think there is probably some upside in the earnings and the PE could drift up as well, but an 85 cent price target over 6-12 months is more realistic than $1.20
Cheers
Monty
LongdongAgree with your sentiment, but I think you have...
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Last
$2.23 |
Change
-0.070(3.04%) |
Mkt cap ! $1.149B | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.31 | $2.23 | $1.553M | 685.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 38655 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 20787 | 16 |
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| Last trade - 15.37pm 11/10/2024 (20 minute delay) ? |
| IMD (ASX) Chart |