Numbers just came out for 4Q...REALLY REALLY good. It looks like RBL will be EBITDA positive way ahead of schedule. Operating cash flow was outstanding @ 18.6 mm. You could not ask for a better result
My problem exist with Aussie insto's who do not understand tech stocks and how to value them. If this stock was on LSE or NYSE, it would easily be a 3.oo SP. Look at ETSY( RBL Closest comparison)Its mkt cap is 2.4 billion US. RBL's market cap is 290 AUD!!! ETSY IS A BIGGER COMPANY...BUT NOT 10X.
Something has to give. RBL would also be a classic takeover stock. How many Aussie company's are struggling with on- line sales and marketing??
RBL could fix that problem very quickly.
We all have starry eyes with SP...but this really should be a 3 dollar number
RBL Price at posting:
$1.40 Sentiment: Buy Disclosure: Held