The article is inaccurate... as per RCL's latest release, there are 87,750,000 SOI... x 0.3 gives a MC of $26M, not $13M the article alludes to. Assume they can hit $4M this year, I would be cautious to put at 10x on revenue multiple but would get them to $40M MC effectively PT of 0.45-0.48.
The thing I am cautious about is that this is a competitive space, there are lots of players... so why does RCL win?
Ann: December 2018 Quarterly Report and Appendix 4C, page-5
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Last
9.6¢ |
Change
-0.004(4.00%) |
Mkt cap ! $14.03M | |||
| Open | High | Low | Value | Volume |
| 9.6¢ | 9.6¢ | 9.6¢ | $5.258K | 54.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 127000 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 10000 | 1 |
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