EN1 0.00% 0.7¢ engage:bdr limited

Forget about what's happened in the past, the most important...

  1. 810 Posts.
    lightbulb Created with Sketch. 115
    Forget about what's happened in the past, the most important thing to focus on now is that Alto have finally finished sitting on the market.
    Below are the buy / sell stats from July 1. Note Pershing (acting for Alto) have sold a net 397m shares, by far the largest net seller.
    https://hotcopper.com.au/data/attachments/2568/2568587-25caf7a3abdd5ae6c60f2524d0a2f6c3.jpg
    This week they have only sold only 4m, suggesting they are finally done.
    https://hotcopper.com.au/data/attachments/2568/2568588-3114752f4904197e826125923d752468.jpg
    So now we can assume that a big seller sitting on the market is finally done, lets turn to the fundamentals & make a comparison with Adslot (ADS) the nearest listed peer.
    • Mkt cap: EN1 $12m / ADS $63m.
    • Cash: EN1 $3.4 (Aug) / ADS $5m (Jun).
    • Revenue: EN1 $10m as of July & since 65-70% of its revenues come in the half of the year (July – December) we can anticipate about $14m for this period, totalling $24m for the CY. This should see the company cashflow positive & profitable.
    • ADS have had revenue of about $3-4m per Q or an annualised $16m.
    • Conclusion: ADS have a valuation 5x higher than EN1 & with less revenue.
    • EN1 target price 3.5c (0.7c x 5) assuming they trade on a similar multiple to ADS, now the seller is out of the way.
    Last edited by TTrader: Sunday, 09:19
 
watchlist Created with Sketch. Add EN1 (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $12.06M
Open High Low Value Volume
0.8¢ 0.8¢ 0.6¢ $263.9K 37.36M

Buyers (Bids)

No. Vol. Price($)
61 49563926 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 7360714 6
View Market Depth
Last trade - 16.10pm 19/10/2020 (20 minute delay) ?
(live)
Last
0.7¢
  Change
0.000 ( 12.5 %)
Open High Low Volume
0.8¢ 0.8¢ 0.7¢ 30815209
Last updated 16.02pm 19/10/2020 (live) ?
EN1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.