From ADVFN BB8 Jul 2020 10:49
very interesting play and undervalued in my opinion.
Last year turnover was £2.9k
EBITDA was 57% at £775k
Net before tax was 12.05% at£352k
Since year end (incl Dec 19 Contract though) we have announced major deals of £115k per month which equates to £1,386,636
even ignoring non announced smaller deals of which there are probably many, this year's T/O would be at least £4.3m
Assuming they only maintain last years %'s
EBITDA would increase to £2.4m
And net before tax would rise to £518,467
If you add on some for all the small deals and them perhaps a more profitable %
I don't see £750k net being unrealistic.