DW8 Growth, page-3841

Looking at the above SP estimates there is nil premium in the figures for an acquisition such as Kaddy & for international market expansion such as UK. As is SP appears to be heading for 30c end of year.

With the UK addressable market about x5-6 the Australian market when DW8 enter the UK SP should re-rate by at least x2 = 60c SP & near $1B MC.

Global addressable market for DW8 is enormous unlike some other businesses chasing tiny $10-20B global addressable markets. You don't need a lot of market share of an enormous addressable market to generate huge revenues.

Appears the cup & handle pattern played out nicely to 12.4c SP first target. Next target is 18.6c & appears will play out. May retrace to 15c as MC getting frothy so be aware.