IBN 0.00% 2.0¢ ibuynew group limited

IBN: re rate on its way.. hidden gem, page-117

  1. 503 Posts.
    lightbulb Created with Sketch. 24
    I'm quite surprised this isn't closer to 1c.
    Closing settlement book Q1FY18: 4.53m - revenue Q2FY18: 2.26m
    Closing settlement book Q2FY18: 3.94m - revenue Q3FY18: 1.05m
    Closing settlement book Q3FY18: 6.06m- revenue Q4FY18: ??? (I suspect ~2m at least given receivables book and typical Q4 performance)

    If we hit 2m revenue for Q4FY18 that will give us the following...
    Revenue FY18: close to 6m (vs 3.71m FY17). This is nearing +100% revenue year-to-year... (undoubtedly > 50%)

    This could see us close to break-even of profit for FY18.

    Happy accumulation holders and multiple bags coming soon
 
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Currently unlisted public company.

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