Q4 and Beyond2013 earnings will come in at an outstanding .09/share, maybe higher.
That being said, the market is clearly looking ahead at recurring revenue with some contracts expiring as we have been trading at a discount to next year's earnings for quite some time now. Having done some ballpark projections, we have about $6 million in revenues lined up for 2014 which is about .05-.06 EPS including today's announcement, and not including Mi-World Mall which is unpredictable.
To put it into perspective, we haven't even started 2014 and have at least .05 EPS in the bag in diversified markets. Given expiring contracts this year, the market is waiting for a couple more contracts for next year to validate a higher earnings multiple. The likelihood that they sign several more over the course of 2014 should not even be a question considering what was accomplished in 2013. This is the most undervalued company on the Venture. Global Maxfin is buying again today because Ralph Garcea picks winners.