Our forecasts fall within the $9.1-10.1m EBITDA guidance range that was reiterated at the AGM, and we anticipate a fairly even split between halves given the strong opening order book position. A large opportunity pipeline and growing revenue stream diversity positively underpins the medium term outlook, as does recent improvements to margin. VMX trades on undemanding multiples in our view and we maintain a SPEC BUY call on a $0.40 valuation.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.
