i think there's more to the SBB than others have imo falsely concluded is to "prop up the SP to appease SH" which would be temporary & short-term - i think this because Kin's previous moves have been strategic with long-term benefits:
a more sound justification to the continued SBB is Kin could be steering the company towards being an attractive acquisition target, & the SBB maximizes returns for SH:
soon iCandy will officially be the largest studio in the region, growing & profitable. Next year iCandy should be at 500 employees & that's highly valuable in itself because the co should be able to produce 6 to 8 quality games like Claw Stars per year, & launch one triple-A cross-platform title every two. Plus continue with Lemon Sky's work for hire business that should rake in around $15 million/year alone.
given the above output & revenue, no wonder there's an SBB because the company appears to be severely undervalued:
using a P/E of 40 (for a highgrowth tech company this is fair imo) & assuming profit of $5m, $10m & $20m equates to an MC of $200m, $400m & $800m respectively:
current undiluted MC is around $100m so i calculate there's 100% to 700% upside from current SP within 2 years! this is as long as the trajectory is confirmed:
risk to reward looks highly favourable: i think this time next year SH could all be rich
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $24.20M |
Open | High | Low | Value | Volume |
1.7¢ | 1.8¢ | 1.6¢ | $13.60K | 804.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 700888 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 85773 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 700888 | 0.016 |
14 | 2002579 | 0.015 |
1 | 113437 | 0.014 |
3 | 417000 | 0.013 |
3 | 290000 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 85773 | 3 |
0.019 | 228770 | 3 |
0.020 | 976812 | 8 |
0.021 | 70000 | 2 |
0.022 | 797845 | 2 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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