re: Ann: Reinstatement to Official Quotationn...
It's the announcement they should have released before open. I might be wrong but those 4 new contracts were not announced before. The 5 months were from the merger announcement in december which included the holiday period and on an annualised basis its about $6.5m ebidta so the $8m could be acheivable. With eps of 4c and valuation between 3.5 and 4.5 it should be between 14 and 18c soon. GCS has a market cap of 50m and no stock for sale so it could have a flowon affect. I believe now that ifs is a listed company it will be more beneficial when dealing with other listed companies.
The purged orders were substantial so that announcement should have been done first thing. Maybe there was still some hangup with aos and having ebitda will be novelty for tmem.
Just an aside ifs 332 treasure rd and rpc(now rgd) 276 treasure rd welshpool. rgd listed well.
IFS Price at posting:
10.0¢ Sentiment: None Disclosure: Held
