$1 Club, page-26567

No problem with that - I was merely pointing out that IOU purchased IDSB on a 10 times multiplier.

Given that is the valuation model we have at the moment, then the approx. $4mil we will likely get each year from IDSB can be valued at 10 x revenue = $40mil.

There is approx. $2mil in BNPL (adding in nothing for future growth - which is risky, given BNPL revenue has grown each quarter). You can use whatever multipliers you want, but if we went conservative you would use a 4 multiplier (8mil).

For the 6mil PPI, then fair enough, let's go 1 multiplier (6 mil).

All up, that would leave around $54mil valuation for the revenue.

Add in the cash at hand $20mil, and $21mil for IDSB investment, then that gives you $41mil.

54 + 41 = $95mil on a conservative valuation, with no forward looking valuations, so its trading at about 15% discount to a conservative valuation.

The reason we are this low is interest rates and inflation fears, as well as sector rotation etc. It could drift lower, but if people are able to hold out and wait for momentum to swing around, then there could be good value at these levels.