Market Cap is about $10M. Debt is about $50M. So market is putting a $60M valuation on the "monitored lines" bringing in $25M in sticky cashflow.
Do your own research, but that seems cheap to me. At 3 to 4 X revenue that is $75M to $100M. I could be wrong and they are actually worth 2.4X.
I assume the debt providers are not silly.
To borrow $50M to buy "monitored lines", those lines would need to be worth at least that even in a fire sale?
Qu1. Any guidance on cashflow? Turning positive?
Qu2. What are Monitored Lines actually worth? Sales evidence?
TPS Shareholders thread, page-3
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Last
43.5¢ |
Change
-0.010(2.25%) |
Mkt cap ! $132.7M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 44.5¢ | 43.5¢ | $171.5K | 386.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24340 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 9377 | 1 |
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| Last trade - 15.32pm 03/07/2024 (20 minute delay) ? |
| IMB (ASX) Chart |