FY2021 Trading Update & Outlook
Ava Risk Group Limited close 13% up at $0.48c10 points of Cannacords target price, which I find odd given this is full $0.20c short of the 52-week high seen in December 2020. The company today provides a trading update for the year ended 30 June 2021 which smashed the company guidance by more than $4 million.
FY2021 audited results will be reported on 30 August 2021.
Even though the shares are just shy of the house broker target, I will not be relaxing the hold of my modest holding. I have held them since $0.15c (I think) just after I initiated coverage at $0.12c. I am hanging on in here for the game-changer. You know of what I speak, I have mentioned it many times, it’s like groundhog day to some of you, so I will spare you this time, but, if you hold, do not be tempted to sell.
Highlights with links for further details.
Group revenue forecast of $64.8m, above the guidance of $60-64m provided on 12 May 2021
Group EBITDA forecast of $14.8-15.8m, above the …