I agree with you re cust #'s, but dont see how you can possibly say $58 each.
original post, based on basic dcf ($10pm, 10%, 36 mnths)
"It's all Over !!"
18/05/22
13:06
.....infrastructure and brand are worth zip. The value then is # customers x ARPU (a metric Ive been using in
the telecoms sector for over 30years). If theyre pulling in $10 pm per customer ??, and manage to hold
customers for 36 months, then at cof of 10% each customer is worth $9.67. At an entity value of $632m they
therefore have 63m customers ?. I dont think so. Maybe a tenth of this. And as cof goes up, each customer is worth less.
So the enterprise is worth maybe $60m to a buyer. (688m shares on issue = $0.087ps)Not a lot to play with here. Maybe cof is bit cheaper, altho rising, and I'd be surprised in theyre getting $10 per customer, or holding them for 36mnths.
Would you really pay $58 for a zip customer ?. And as competition heats up (Apple), and cost of acquisition climbs (regulation, less disposable cash etc) new ones are going to be hard to find.
(20min delay)