EVZ are starting to report consistent halves and their outlook looks to confirm 2H FY19 should be acceptable with revenues from Brockman's delayed projects kicking in. They are even flagging the pipeline of work for Syfon are making the BoD get positive on 1H FY20.
So i am expecting the next 12 months to be solid. Hopefully they can repeat the pay down of debt in 2HFY19 which would put them in an almost debt free position. Certainly the payment made in 1H FY19 will reduce interest costs by around $100K in 2HFY19.
The company is moving on from their near death experience a few years ago and posting good results (not spectacular) but healthy. With NTA per share now at 11.7 cents, and a solid outlook, the market will work out that there is value investing in this company again.
My guess for FY19 is
Revenue $78 - $80 million EBITDA $3.4 - $3.7 million NTA per share .17-.19 cents
EVZ Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
