Not sure if 50% will be profit, however I would be pretty happy with a quarter/third, say 3.5-5M profit for the September quarter, so $14M-20M for FY =17, net c. $8-10M.
Not bad given the current market cap is 6.3M and EV is 17.3M. So a Fwd PE of c. 0.6 and EV/EBITA of c. 1.8,
I get management have historically under-performed and their financing arrangements of late don't instil much confidence; however irrespective this is so so undervalued right now.
I have and will continue to buy at these prices, as the tides will turn and the market will wake up...or we'll go broke and lose all our money...lol
KBL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
