@shaunmac - I hope you do realise it already has a market cap of over $400m (excluding any performance shares), and with the performance shares it is $500m. So a price of $20 puts it close to $4B in market cap.
They have done an amazing job getting it where it is, but I suspect people have lost track of fundamentals. There are numerous other companies offering similar services. There is even another ASX listed company doing the same thing that just won a contract with Fedex in South America (or someone like that). I can't remember who it is, and have no shares in either that one or GSW. Either way, there are plenty of companies offering a similar service/technology.
However I must admit, GSW has been signing up companies left, right and centre, so they must have something. Time will tell whether it converts into actual transactions and revenues and ultimately profits.
If GSW come out with an announcement in the next week or so with a big update or new contract, it appears fairly clear that there will have been a leak on it given today's trading.
Unless the Sep17 Quarterly comes out with massive revenue growth (e.g. IMHO well of $1m for the quarter) there is a very strong chance that the GSW price will come back down pretty quickly. A bit like 1Page, when people saw the actual results didn't support the actual valuation.
When this thread started, the market cap was $400m (including performance shares), but excluding all options. So let's be really clear - the starting post suggests that at a 100 bagger it will achieve a $40B market cap company. I'm not sure people are being realistic. Australia's most successful tech company is probably Atlassian - and it has a market cap of US$7.8B. FedEx has a market cap of US$59B. And people are suggesting that GSW are going to be 5x Atlassian...
Regards
Marv
