RCL 9.18% 8.9¢ readcloud limited

Ann: ReadCloud Sales Update, page-17

  1. 2,319 Posts.
    lightbulb Created with Sketch. 17
    Agree. Not too many companies out there with such a low share issue. They will be making money and will have $8m in the bank later this year so any future acquisitions to further ramp up growth can be internally funded. If 20/21 revenue growth matches 18/19 and 19/20 then RCL is trading on a 20/21 revenue multiple of approx. X 1.5 and if you strip out that $8 m in cash from the mkt cap then RCL is trading on close to X 1 revenue. It's way too cheap.
 
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