I agree, as i a said, one month may not be accurate, however the month of september may also be the reason why the company is confident in being break even at some time during this FY. Your projections are based on the whole qtr, however this may not be accurate either based on potentially the rapid growth in underlying ebitda that could be happening monthly.
Seeing next qtrly will tell all i think. If we are hovering around 700k ebita underlying, based on your predictions, i too will be skeptical as to how the company is going to get breakeven. However, i think we will be closer to 600k, (that being said december looks like a bad month) as i think the company is privy to more optimistic numbers.
Its hard to tell how much cost cutting in left on expenses, i agree though your numbers are still encouraging, but i am trying to think of a reason why the company isnt working off your numbers, but instead have told the market that they project to be break even.
RNT Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
