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
MAI Price at posting:
55.0¢ Sentiment: Sell Disclosure: Not Held
