It's good to see a presentation that lays out the future direction of the business and outlines its growth potential and management's expectations of where the business will be at over the next few years.
From the information provided it is clear to see that the new boss means business.
I just hope it's not a case of overpromising and underdelivering.
Sales of mining units are expected to increase from 150 in FY14 to 630 in FY15 rising further to 1120 in FY16 whilst sales of Trucks and Trailers are expected to increase from 6 in FY14 to 130 in FY15 rising to 470 in FY16.
FY14 revenue is expected to come in at $5.46 million with an EBITDA of -$4.13 million. FY15 revenue is expected to increase to $13.23 million with an EBITDA of -$810,000 and in FY16 revenue is expected to further increase to $22.32 million with an EBITDA of $1.67 million.
Management have put it all on the line in releasing these figures so let's see how they measure up against the actual results over the next few financial years.
ABV Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
