The problem is we do not know how much is "maintenance R & D" and how much is "growth R & D".
They have capitalised over $20m worth of intangibles on their balance sheet. Can a competitor replicate their software with $20m? I do not know, but I really doubt so.
The PE number is misleading, and cashflow multiple should be adjusted. After all that is done, I dont find compelling value. Might be on the cheap side, but not compelling.
forecast pe at 6, page-7
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $7.836M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $6.465K | 48.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39384 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 1585 | 1 |
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| Last trade - 15.35pm 29/11/2024 (20 minute delay) ? |
| GLH (ASX) Chart |
