Yowie has over 32 million AUD in cash and current market cap of 37 million AUD. So trading at just 5 million above cash backing with an expected positive cash flow quarter coming and revenue growth of 55% expected for the full year.
On last years results we are trading at 1.4 x revenue. On this this years forecasted results we are trading at 0.9 x revenue.
We are currently in USA, Australia, Canada and on a smaller scale England and New Zealand. Multiple products in the largest retailer in the world in Walmart. We also have a new product pack being launched early next year in Duty free sections in airports. Current management have been buying shares on market for the last few months.
I know that previous management missed the mark in terms of forecasts but surely the current share price represents serious value.
YOW Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held