yeah bud, you are right here, the only investment proposition going on is based on the fixed wireless business. Good to see you, like the rest of the market, have discounted to zero the terragraff thing, the loss making NBN customers, and the gaming business. So if there is 5,369 fixed wireless customers at the moment, how do you value the company then? using a back of the envelope $5,000 per fw customer, gets a value of $27m, with 295m shares outstanding equates to 9.1cents per share.
flip it the other way. $160m market cap divide by 5,369 customers equates to $29,800 per customer. Each customer at $91 ARPU grosses $1,092 per year. Do you think a customer is hanging around for 27.3 years? The contracts are for 1 year.
yeah great to hear from you frank. probably better to be asking the market why its so negative on this stock. Another down day, the 20th down day out of last 26 trading days, down 6% in one day of heavy afternoon selling after a lack lustre quarterly update. Does it have anything to do with the delays and false promises to the gaming thing, or the 5x overvaluation? Whats the market seeing on this that you don't ? Does The market get things wrong?
5GG Price at posting:
54.0¢ Sentiment: Sell Disclosure: Not Held
