RE: Warpaint results10 Nov 2023 09:51
Yep. Its gone far too low. At 80m mc they only need to be breaking 5 or 6m ebitda to justify the current mc. In the past 20-25m was the suggested current state achievable ebitda. Which would provide several x the current SP. The next few sets of results should easily build back to this. FLS also all important with the up and coming results to suggest a growth trajectory back to this level .. that buyers will then be in on future outlook. It depends, however, if Boo et al want to provide a rosy picture at this stage for their own shady strategy .. SL