The article is inaccurate... as per RCL's latest release, there are 87,750,000 SOI... x 0.3 gives a MC of $26M, not $13M the article alludes to. Assume they can hit $4M this year, I would be cautious to put at 10x on revenue multiple but would get them to $40M MC effectively PT of 0.45-0.48.
The thing I am cautious about is that this is a competitive space, there are lots of players... so why does RCL win?
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 (20min delay)
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $16.13M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $440 | 4.179K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 80523 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 45454 | 1 |
View Market Depth
| Last trade - 14.21pm 01/08/2025 (20 minute delay) ? |
| RCL (ASX) Chart |