I'm in as well with a small position initially.
Major growth story flying under the radar. Profitable, management owns 50% and the potential growth opportunities are huge. $2m net cash position.
At a SP of $1.60 the market cap is $16.9m. If we assume $2m PBT (guidance of $1.5m-$2.5m) and NPAT of $1.4m (30% tax rate) we're trading at a PE of 12.1 times at the moment. A growth stock like this could easily trade at a forward PE of 25+, implying we're over 50% undervalued solely based on valuation. If management kicks a few goals and continues to grow the business at this rate I'd say $5 is possible in the next 12 months.
The biggest challenge will be getting set before word gets out. There's next to nothing free float..
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Last
$9.66 |
Change
-0.310(3.11%) |
Mkt cap ! $114.4M |
Open | High | Low | Value | Volume |
$9.80 | $9.80 | $9.66 | $2.92K | 301 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1596 | $9.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.97 | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 10000 | 1 |
0.880 | 2390 | 1 |
0.890 | 22000 | 2 |
0.900 | 1470 | 1 |
0.950 | 3000 | 1 |
Last trade - 15.16pm 15/11/2024 (20 minute delay) ? |
TPC (ASX) Chart |