EVZ continues its path to recovery and it seems the current...

EVZ continues its path to recovery and it seems the current management team are making sensible moves to bring the company back to life.
Having been a LT shareholder, this is good to see as many of the LT shareholders are probably under water on this one. Some may have taken up the recent capital raising which would help average down, I did not.

Based on FY 17 results, the Basic EPS for EVZ is $0.0147, but that result is skewed with a $7.3 million debt forgiveness which is recorded as income and the weighted average number of shares on issue (245 million). The number of shares on issue in FY2018 will be 679 million.

Having just upgraded the 1H EBIT outlook to $1.2 - $1.4 million, the current EPS is $0.0017 - $0.002.

To increase the share price, I see a couple of things need to occur:

1) Continue to pay down debt - as at end FY17, long and short term debt was $7.1 million
2) Replicate the success of 1H 18 EBIT result
3) Grow Syphon and Brockman wins - they seem to only trickle in based on what is released to the ASX