Personally liked the 32 cents target...but also wondered wondered what you were smoking when I saw that.
I see personally much higher short term as just looking at their consumer selfie drone and ability to produce 50,000 units per week under the new manufacturing agreement.
Say on the $395 per unit retail price, say IOT makes $50 profit per unit. This is $2.5m per week net profit or $130m per year. Then look at potential future returns from all their other product portfolio (which are in different stages of product development / product launch cycle). Whilst more significantly they are well cashed up.
All for a measly market cap $m in the single digits. So for me first realistic target share price wise is in the double not single digits.
IOT Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
