Since RFN IPO'd we had it run from 20 cents to $1.93.
Here are the catalysts
August
September
- ASX 200 companies among 3 new clients for REFFIND
- REFFIND expands into Asia in milestone deal with Randstad Te
- Preliminary Final Report in which revenue is highlighted at 20K
Oct
- Acquisition of employee recognition platform WooBoard with 46 existing clients @ higher valuation.
- Price was around ~~77 cents which went on to double bag.
- Initiation of research coverage by Foster Stockbroking
November
- Appendix 4C - quarterly invoiced $119k and revenue at 38K.
- REFFIND signs two clients and enters hospitality sector
atm RFN valued at ~~91 cents approx market cap close to 100 MIL with 40K in revenue received.
So the folks at CHP after their first listing did some things really well.
So one begs the question why such a wait for CMY to list ?
- Good product to start off
- Revenue generating from day 1
- Got it covered via stockbrokers
- Put their skin in the game
- Completed an acquisition immediately by utilizing their high valuation.
I have the following assumption all IMO for CMY to do better than RFN. This is the list of things the folks learned and are now looking to fully capitalize and improve on their knowledge
Now if VAMP is the product subject to RTO , I did a brief analysis a while ago and I find that the additional 3 months is significantly used for VAMP to
- Revenue plays a big role in valuation
- RTO , raise the value by strategic clients acquisition.
- Get some coverage and broker involvement.
- Complete a valued acquisition to cross sell on existing services.
- Some more clients
- Strategic partnership
- More revenue
With the existing Mcap close to ~6 mil this should 20 bag and hit close to 100 MIL marketcap if they could show close to 100/150K in revenue purely based on the interest around the CHP/D4 people. I think there revenue may already be close to 45-50K/month.
- Increase the existing client base by using the CHP/RFN connections
- Increase revenue before listing
- Prepare for broker coverage immediately
- Get proposal ready and weed out bugs to make it a beta launch.
Either way good value hold for now.
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- Better than RFN. Here's why.
Better than RFN. Here's why.
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