Last edited 9 months ago
#Bull Case
stale

26/11/18

FYE18 full year EBITDA was $6.25

1st QTR FY19 had $7m EBITDA  --> NPBT $3.95m (EBIT $4.2m less $250k interest)

1st QTR EBITDA greater then whole FYE18


Extrapolate this  (quite dangerous) EPS is $0.009 --> 4.4x PE  (No Tax rate applied)


Mgmt say that they are at the start of the cycle....

Have been paying down debt.

Looked at buying AJ Lucas recently...