CRO 2 Cent Party, page-70

I reckon some of us did see it coming ........

I believe I wrote this as an excerpt ( Below ) from my attached post on 8th August ....before the 2.0 cent party thread was started.

There are so many ways to build up the numbers - one of which would be to examine the CAGR's of the various industry participants to establish expected year on year growth rates. And obviously with respects to CRO , there is going to be a fair bit of ' Catch-Up ' occurring at least until the $100 million Market Capitalization level. So that's as I had calculated in another post .....roughly 7.4 cents.

05-08-2020

" To be more exact .... and with Yesterday's combined ASX & Chi-x volume of 127,044,643 , there has been a total of 281,936,725 shares changing hands ( not including 5 x days of Chi-x which is NOT included in this figure ). So very likely that these Obsidian convertible shares have already been absorbed ....or at least not much concern as to the likelihood that they will be absorbed over the next 5 days ...... As a result , I would reckon there is every chance we test new highs very soon with 2.3 cents as the next one. "

08-08-2020

" So while 1.45% of $398,705 back in April amounts to pretty much ZERO , 1.45% of potentially $226.7 - $230 million represents approximately $3.29 - $3.35 million in transactional revenue per month or $39.5 - $40 million in earnings per annum.......

So even if we apply an ' ultra ' conservative earnings multiple of 1.0 and forget about a basic industry standard multiple for Price to Sales of say 5 times , we would get an Share Price reflective of this growth of around 3.9 - 4.0 cents. Of course if we used the 5 times ' Gross Transactional Sales ' figure of $230 million per month , we would be looking at a valuation of 2.760 Billion or $2.76 per share.

I guess anything is possible even if it seems currently or remotely unattainable. But that's not how Investor's or moreover Markets look at these things right ?

And with the addressable market in Australia alone being estimated at MORE THAN $100 Billion , I don't see why Cirralto can't carve themselves out what amounts to ONLY 2.7% market share.......

And I can't help but wonder what effect our own deal with MasterCard , or VISA , Amex , or even a tie-up with Splitit would do nicely for the current Share Price with 2.3 - 2.4 cents being easily achievable , and definitely 3.5 - 4.0 cents on the next leg if history is any judge on how investor and markets typically react to these sorts of ' Expected Growth ' numbers...... "

05/08/20

09:42

Post #: 46309761

08/08/20

12:01

Post #: 46396177