Those announcements are so amazing (even though one is a (optimistic) guess for a year out
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I feel a bit sad reading that actually. Further, there was "an EBITDA loss of $92 k" for Q1 on revenue of "$1.64m" which might annualise at 4 times 1.64 = $6.56m. And the "ITDA" of EBITDA was several hundred $k in the last report.
Ah well, at least I got to vote to appoint Barry to the Board, despite "The Board does not believe that the appointment of Mr Richardson will sufficiently add to the Board’s capability and does not support the election of Mr Richardson." https://www.nzx.com/announcements/320069
If revenue reaches $7m for 2019 then that would be compounding annual growth of 3.5% pa since 2017 (6.547m), or 2 years. Or 7.5% pa compounding since 2016 (5.661), or 3 years.
Surely they (the directors) can see how close they are to turning a reasonable profit? It aint rocket science...just simple maths. Revenue improving (good) now cut those costs (salaries?) and we will be shareholders in a profitable company.......accordingly we will see an improving Share Price.
A little of a newby question... If Barry does get voted on to the board is this at the expense of any existing board member or will he just be added to the existing board ?
No, there are two vacancies and the company only put up one candidate.
"In addition to Mr Plunket’s appointment, BLIS will be looking for another board member to replace Dr Peter Fennessy who has also indicated he will not be standing for re-election this year. Dr Fennessy has been a director since 2000 and was Chairman for 11 years (retiring as Chair in July 2017)." https://www.nzx.com/announcements/317597
Or that's my reading of in anyway.