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It’s better to go up steadily :) while the gov will revive the mega projects based on budget 2021, there is something else that Mikromb did well previously that helps the bottom line. The acquisition of EPE Busway and Mittric Systems back in 2019 which provides a profit guarantee. Overall revenue in 2020 of $50.4M increased by more than 20% compared to $41.1 in 2019 and EPE/Mittric contributed approx $18M revenue.
Solid and stable if you will at the back of mco, cmco. As countries begins expanding fiscal policies - infra projects, it should bodes well for mikromb. Until then, continue to wait patiently. One of the cheapest tech stocks which is profitable yoy.
Lacks of attention is not a bad thing. Less volatility. Top 30 shareholders holding approx 73%; tightly if you will. By the time it is euphoric, it will be tough to get a good price.
Company’s profitability indeed starting to up. FY2020 total net profit is $3.1M. Q1FY21 net profit is $1.4M. As for share price, let Mr Market decide where it’s heading for FY2021. What we can do is just manage our own positions accordingly and follow the company’s development quarterly.
wan wan,if you look at year 2016,2017, when their Q1 profit is above 1million, share price is above 0.300..so if history is to repeat share price should reflect that.just my observation.
There’s a change in 2017 that led to the drop in its share price. The expiry of pioneer status resulting in mikromb no longer enjoying tax incentives - higher tax rate and lower net margin by half though revenue remains steady. It has to bring in new products, new markets and win market segments in order for it to keep growing.
