Bargain Hunter

@jpmontero88 To elaborate, we've only got a taste of the potential with q1 results. But there is so much more potential here... Further store expansion with Walmart and Costco, new retailers, new product categories, new industries, selling direct to hospitals, etc.

@jpmontero88 I rarely experience a feeling similar to the one I had when reading about the business and listening investor presentations. I believe this could be worth 5x more in no more than 2y. The potential is huge and by reading through twitter and forums, it appears undiscovered $IFA.TO

$IFA.TO 🤯 @accesswire/ifabric-corp-reports-record-revenue-and-earnings-for" target="_blank" rel="nofollow noopener">pro.ceo.ca/@accesswire/if… Revenue: $27.5M (+288% YoY)* -> IFTNA +305% YoY -> Coconut +212% YoY Net income: $3.7M Adj. EBITDA: $5.7M *above the high end of management’s recently raised guidance ✅Most importantly, this validates that recent retail and healthcare rollouts are translating into real commercial scale, with Innovative Fabrics clearly becoming the core growth engine. 🟡Gross margin came in at ~33%, still below historical levels but improving sequentially from the ~26% seen in Q4 2025, suggesting margins may have already bottomed despite tariff pressure.

$IFA.TO #2026WolfPick Kaboom! 41x Net Income on nearly 4x more revenue: @accesswire/ifabric-corp-reports-record-revenue-and-earnings-for" target="_blank" rel="nofollow noopener">ceo.ca/@accesswire/if…

@stocktavia @ragingbullcap Unfortunately, there are too many unknowns and that's why I'm being conservative. I'm not saying the stock price won't double or triple in the next 12 months, but way too much risk. Markets, however, only reward growth these days

@BargainHunter07 @ragingbullcap If the ebit is recurring and the tool is embedded, 3x feels punitive. I would think 5/6 is at least defensible unless replication risk is much more immediate than we know.

$EVC However you slice it, it's very hard to come with up with a fair value sub $10/share. Not merely an academic SOTP exercise either; with ATS scaling into 1B+ valuation, we're likely to see some transaction to unlock value not too far out (e.g. spin-off).

@stocktavia @ragingbullcap Don't forget you have the cyclicality of the industry, plus the evolving technology risk.

@stocktavia @ragingbullcap Maybe it isn't. Difficult to say what the right multiple is. I wouldn't be surprised if the HK customer is trying to replicate the alghoritm as we speak. What multiple would you apply to a single customer business in the adtech industry?

@BuffDawgg Sorry - not 500m but 600m, even worse.

@BuffDawgg 15x multiple for an adtech business, growing 30% sequentially, at the peak of economic cycle makes no sense whatsoever. Fourth, 500m for media and spectrum business is pure stupidity. Just look at the EVC EV before the growth from ATS kicked in- it will tell you the value

$EVC. Your figures are way off. ATS ex. HK grew 64% YY with accelerating sequential growth. To account for concentration risk, I'd value HK and ATS "residual" separately. Assuming HK = 46% of ATS EBIT despite likely lower take rate (prob 20-25% of EBIT), this works out to $16/sh

@KairosPraxis Re margins - I believe retail investors are overly critical. Put things into perspective. This business is likely going to hit 100m revenue mark and 15m EBITDA this year, implying a multiple of less than 3x, for a double-digit growing business

@KairosPraxis Plus ofc less back-office processing work with quarterly vs monthly invoices for both sides

Despite the weak margins and the ongoing conflict, $NCI.V had a good 2025. Adam is a great communicator and listening to the call makes me even more bullish on the stock. They're definitely sandbagging guidance for 2026. A/R: They've made significant progress on collecting cash. However two things could impact this in the future: a) Largest clients are moving from a monthly to quarterly cadence. So receivables could look a lot worse in the future. b) For new clients, they are offering pre-payment schemes (more favorable contracts), so this could balance things. Margins: Bad margins in 2025 (other than G&A) is due to double taxation. They are fixing this opening an LLC in Saudi Arabia. This is good, but if they've fixed this and they're seeing operating leverage kick in, why is their guidance still for 13-16% margins in 2026. Guidance: Q1 will be weak due to festivals. The 90M+ really feels like a very very conservative floor. If a few routine renewals go through and new frameworks ---> contract, they should hit 100M easily.

@ragingbullcap Without that contribution, they are at ~$86m quarterly revenue, which is similar to Q4 and segment ebit in Q4 was roughly $11m, so call it ~$50m annual ebit. 10x multiple is $500m, plus 3x multiple on largest customer ebit of roughly 80m=740m

@ragingbullcap Sorry - vs 2025, not 2024

@Kreuzmann13 They definitely smashed it but I don't see anyone mentioning the risk that comes from having almost half of the segment revenue concentrated in one HK gaming customer (likely Tencent)...

$EVC smashed it.

@almanakka_ Accretive, not attractive. Important difference.

Hintalappua ei kerrota, mutta ”houkuttelevalla EBIT-kertoimella”. Linkki tiedotteeseen: theon.com/en/news/2026/t…

$THEON 🇳🇱 Theon ostaa ranskalaisen MERIOn. 2026e 15m liikevaihtoa ja 3,5m EBITiä. MERIO tekee vakuutettujen kameroita (gimbal) esim. droneihin ja ajoneuvoihin. Hajauttavat myyntimixiään, droneihin sisään ja isompi preesens Ranskaan, minne varmaan mielellään myytäisiin muutakin.

@soron47 @yabadabadoooou @roncohen0547 @NestBetter Trading for 3.6x 2025 EBITDA and less than 3x 2026E EBITDA. Growing and improving in every aspect. Why do you think it will drop even lower?

@yabadabadoooou @roncohen0547 @NestBetter $NCI.V may get there too.. give it one more Q

Any profitable, cheap & growing microcaps which have pulled back that people like here? Couple I picked up recently: $VST.CN, $DBO.TO

@TimurNegru That's a real bargain. With 500k-1m investment you can turn this into a property a billionaire would want to buy

I thought that nothing could surprise me when it comes to Italian properties but I gotta say this one did. A manor house built in 1700, 14 bedrooms across 4 floors, 1,100m² (11,840 sq ft) of living space. The main hall has vaulted ceilings that you mostly see in churches, a grand staircase, fireplaces, original tiles and parquet, and an attic floor. Also included: a park and two additional outbuildings on the same 1-hectare (2.47 acres) grounds. It needs renovation and the asking price is €500k ($589k). Interesting location too: Alseno (Emilia-Romagna), ~40 minutes from Parma and ~1.5 hrs from Milan on the A1. For those who don't know, Parma is where prosciutto and parmigiano reggiano come from (not a bad neighbour to have). What would you do with three buildings and a park in the Italian countryside?