MAI 0.00% $1.97 mainstream group holdings limited

Ann: Acquisition, page-23

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  1. 604 Posts.
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    Hi All

    Have been looking into this company and wanted to know your thoughts:
    - Earnings post tax for the last two years is less than one cent per share
    - Statutory earnings post tax are expected to be 1.6c per share, a dividend of between 40% & 60% to be paid (or $0.005 and $0.0096)
    - PE Ratio is approximately 34 times and dividend yield is up to 1.7%, excluding franking credits.
    - MAI expects to increase revenue from 14.4 Million to 21.5 Million this financial year when they have not achieved more than 26% (from 2013 to 2014) in the past.
    Note: figures above from page 10 of the prospectus

    I know most recent floats have demonstrated exceptionally good growth, but is this stock likely to meet a 50% increase in revenue in the next annual reporting period?  What is the driver for the increase in revenue?

    Interested to hear what everyone thinks.

    Best of Luck
    Lost
 
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