Hope everyone enjoyed Australia Day yesterday with family and friends as I did.
MeToo,
In relation to your statement that I am posting incorrect information:
I was using approximate figures for both ESN & MKB but since you're asking about it, here is the exact market cap of MKB (you'll notice that it is higher than $150M round figure that I provided):
Source: Appendix 3B (MKB ann on 22/01/2014).
Diluted figure is what I have based the market caps off which is the way you asked me to show valuations on numerous occasions after I posted a few times using undiluted figures for ESN.
If you want to go back to using undiluted figures then ESN's current market cap is approx $6M and not the 50% higher fully-diluted figure of approx $9M that I provided in my earlier post and MKB's undiluted market cap would be $111M.
So, another similarity that we can add to this thread's list between ESN & MKB is that the market cap of both is about 50% higher fully diluted compared to undiluted (once all options and/or convertible notes of both are converted).
Anyway, I think that some of you just like to stir - funny way to spend Australia Day if you ask me.
Also, agree with Odyssey's last post:
"I think the point here is that the market attributes zero revenue for ESN at it's current market cap so when it does start to kick in the upside will be big.
Fosters f/c MKB 2014 Rev to be $14m and NPAT of $1.4m.
ESN could get Rev very quickly and most of it goes stratight to the bottom line."
Cheers.
ESN Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
