Just re-iterating some of the sentiment from sydshare's post, I'm kind of surprised at the prices of CM8 at the moment. The latest annual report posted an EBITDA of $9.5m up 50%. In their last presentation, they mentioned Finance costs will be significantly reduced (I recall it was down to $1M this FY from $4m). So their cashflows will be very significant and on top of this they should finish paying down their debt this FY18.
Even if they stagnate in growth, we will be at least north of $5M which means we're at a VERY low EV/EBITDA. This isn't to factor in the new markets they are going into and their digital influencer platform that they have speaking very highly of. So i'm wondering if this is similar to BIG - that it is currently flying under the radar. I'm happy for someone to provide some constructive criticism to my statements (I may be clouded with bias) or to echo my sentiments.
CM8 Price at posting:
17.3¢ Sentiment: Buy Disclosure: Held
