Not sure if you guys have picked up that the first condition in order to grant options to Bevan on 1 Mar 2017 is that the company will attain "EBITDA positive based on contracted recurring revenue including Hong Kong costs by 31 Dec 2016".
This is a very good target the company has set itself for the CEO (not to mention the CEO actually owns 51% of the company currently) and will put the company in a position to report maiden profit within FY2017 in my opinion.
Surely this is something to celebrate and shall push the share price to greater levels!
(Oh - forgot to mention, surely it is not I with my magical powers, has pushed the share price to $2.50. Let me call it the law of 'financial gravity', i.e. if a company has a good future and doing well, the share price will follow suit.)
SLC aims to be EBITDA positive by end CY 2016
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$2.14 |
Change
0.120(5.94%) |
Mkt cap ! $897.5M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.17 | $2.04 | $5.413M | 2.555M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9541 | $2.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 28553 | 3 |
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