Further to that - if the business gets to a point where it is T/O close to 100m with EBITDA of 13m in 2 years - the market would probably be paying over $3 for the stock... (P/E of high 20's is probably conservative at that $3, given the growth trajectory).
Is it going to be easy to do... probably not - however they have the runs on the board with obviously a compelling product as their rev's have gone from 1m-8m in 2 yrs...
For those that doubt this sort of rev is achievable in this space without being one of the 'big boys' - have a look at Amaysim Aust (AYS) - they have over 250m in rev in the BYO sim card space & growing at 20% YoY...
AYS Mkt cap is 375m ... what a wonderful platform UNL has in front of it
UNL Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
