The thing with RFL is that you dont need to be cryptic and search through notes about revenue forecasts, all you have to do is read the presentation back in 28th november:
- They want to be ASX300 by 2016, and to get there they are forecasting EBITDA of $16.5m and hoping to maintain an EV:EBITDA ratio of 8. This implies a $180m market cap or 69c (assuming no further dilution of course) price target.
The way the share price is behaving we may get there in 2014!!!!! Crazy!
RFL Price at posting:
43.5¢ Sentiment: Hold Disclosure: Held
