HC=Hot Copper. Sometimes the Market Caps given near the chart on the right ("Mkt cap $9.052M") are correct often they are not, and in this case it is out by a factor of three.
My calc above was Market Cap (MC) = # shares * share price = $25m
(+options, but there aren't any in this case. You can find the # of shares and options in the latest Appendix 3B)
In terms of valuation, that is more difficult.
If the postive cash flow (let's say $2.3m - $0.7m capital sale = $1.6m) was a business usual cash flow and the company is growing then it might look ok. The trouble is we don't know how much they have brough forward "and the early receipt of customer payments in the December quarter - that were due in January 2016". The positive cash flow could all be due to the early receipt of January customer payments. Then again you also need to be careful assuming cash flow ~= profit, even when it is business as usual.
I don't know enough and haven't looked into it enough; and even more I'm never to sure how to value growing companies. No doubt there are others who might have a better idea. The alignment of paying for customer acquisition to be in line with revenue is a really good change, especially for a small growing company.
GOE Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
