Would agree with this. In future funding rounds, new capital is introduced and Novatti share is diluted - always going to be cheapest to get in on the ground floor, and they seem to have maximised this with their 91% shareholding.
Interestingly, at $3 million for 9% of the IBOA holding group - the post-money valuation looks to be around $33 million for the bank (with Novatti 91% share worth a little over $30 million, and others 9%).
NOV's shareholding in RKN is currently worth circa $28 million.
So between IBOA shareholding and RKN shareholding -> $58 million total out of the ~$90m market cap.
So rest of company "valued" at ~$32 million by the market, or about 0.6 to 0.7 x sales. Which is not far off current value of DOU, which has revenue of less than $1 million.
Could very easily be valued at 5 x sales for existing business conservatively + IBOA + RKN = circa $270 million, or 80 cents per share.
Without getting carried away with any of it.
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Last
6.2¢ |
Change
0.006(10.7%) |
Mkt cap ! $22.05M |
Open | High | Low | Value | Volume |
5.6¢ | 6.2¢ | 5.6¢ | $44.91K | 756.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35000 | 5.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.2¢ | 56506 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35000 | 0.059 |
2 | 142857 | 0.056 |
1 | 120000 | 0.052 |
2 | 40000 | 0.050 |
3 | 196059 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.062 | 56506 | 2 |
0.063 | 104585 | 1 |
0.065 | 50000 | 1 |
0.069 | 32898 | 2 |
0.070 | 55659 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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