Profitable Micro-caps (Revenue greater than $10m)
Some might find this list interesting / uesful
Criteria=
1. market cap less than $20m
2. Revenue greater than $10m
3. PE of between 0 and 10
(sorry, tried posting all the financial information, but it turns out a real mess.
The tickers are sorted from lowest m/c to highest)
Ticker
Short Name
P/E
Market Cap
Revenue T12M
Price-1
Total Return YTD
EPS T12M
SKS AU Equity
RLA AU Equity
CLQ AU Equity
EFG AU Equity
RZR AU Equity
COM AU Equity
NLG AU Equity
COO AU Equity
MBD AU Equity
PTB AU Equity
TPC AU Equity
EPY AU Equity
REF AU Equity
KKT AU Equity
FRM AU Equity
HYO AU Equity
PHG AU Equity
CAJ AU Equity
EMB AU Equity
MNF AU Equity
TQH AU Equity
EBT AU Equity
OEC AU Equity
MHI AU Equity
VSC AU Equity
SNL AU Equity
WWM AU Equity
AXI AU Equity
CHR AU Equity
ELX AU Equity
AMB AU Equity
SOO AU Equity
GLE AU Equity
PEH - Pacific Environment Ltd
PEH not on the list yet, but maybe one to make it in the next 12 months.
Listed 2008 at 50cps and acquired environmental consultancy and software type businesses. Got themselves into financial difficulty, particularly after one acquisition supposed to double the size of the business, suddenly ended up in VA a few months later (during the GFC).
Have historically produced about $7m revenue and losses, but HY revenue up 20% to $4.6m, so may see them getting $9-$10m revenue this year. Also maiden HY profit of $154k, but would have been about $465k if litigation costs (associated with failed business) and share based payments were excluded. Market cap $10m at 10cps. Balance sheet now strengthened with support of major shareholders, leaving net debt of $1m at last tally.
Overall, can't decide if they are poor operators or just caught some bad-luck in timing their listing and acquisitions. They seem to employ a lot of bright staff and they should be in a good area with specialist emissions consulting. The bump up in first half profit could be interesting if momentum is maintained in second half.
Digital Performance Group (DIG.ASX)
Industry : Online advertising in Australia
Market Cap : A$9.1m (at A2c)
Revenue : Approx A$25m
EBITDA for FY2011 : A$3 - $3.25m (recent company guidance)
EBITDA for FY2012 : A$3.75 - $4m (recent company guidance)
Net debt : Approx A$5m
Other comment : The company have heavily restructured over the past couple of years and are about to undergo a rights issue to repay all debt. The rights issue is a pro-rata, non-renouceable issue and is underwritten by its largest shareholder. No details on price or entitlement yet.