It amazes me ADO is still sub 10c... it is not that hard to work out is it?
The AGM presentation shows potential Revenue (which due to it being licensing is near 100% profit) around $500m... even if we assign a 10% chance of this happening i.e. $50m a year, then surely current fair value is around a market cap of $500m??? (or 66c a share).
ado agm run down , page-30
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.83M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $8.816K | 408.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1153507 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 299817 | 2 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| ADO (ASX) Chart |