Top member reports
Consensus community valuation
$0.190
Average Intrinsic Value
90%
Undervalued by
Active Member Straws
#Acquisition
Added a month ago

01-06-20 Acquires Enzumo from CWL for $1.5m in cash.  Enzumo is Australia’s leading Xplan customisation group founded in 2004 with offices in Syd, Mel and Brisbane.  Provides services to more than 2,200 Xplan users nationally.  Achieved YoY revenue growth of 34% in 1H20 to $1.3m (FY19: $1.9m).  Majority of Enzumo’s revenue is subscription based and recurring long-standing client relationships with the remainder coming from consultancy services.  0.6x expected FY20 revenue and 4.2x expected FY20 EBITDA.

Read More
#Bull Case
Last edited 6 months ago

9 Jan 20: FY19 PBT $1.2m; EBITDA $2.4m; EV/EBITDA 4.6x

 

EV/FCF = 1.6x

FY18: Cash operations 6.4m.  Claims and litigation settlements -$5.32m. Royal commission costs $0.08m.  CFI -$0.34m.  FCF not including claims and settlements = $6.1m.  EV @ $0.13 = $10m.  EV/FCF = 1.6x

Read More
#Management
Last edited 6 months ago

Management Buying stock

22 Oct 19: Chmiel +200,000 for $25,261 @ 0.126; Opening 400,000; Closing 600,000

9 Sep 19: Chmiel +250,000 for $ 30,000 @ 0.120 Opeing 150,000; Closing 400,000

13 Nov 18: Pretty +30,000 for $3,300 (105,000) $0.11
29 Aug 18: Pretty +75,000 for $13,540 (75,000) $0.18
29 Aug 18: Chmiel +25,000 for $4,655 (50,000) $0.186

Read More