10-Bagger? Is TTT Closest ASX Stock To S3R?, page-100

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05/10/19

18:59

Post #: 40742108
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Originally posted by Michaeljob: ↑

Hopefully plenty will hit the door day one. Might be wishful thinking though.

It's going to be interesting to see if the market value them for where they are now or where they are going. The tech is proven and the use case clearly set. The transition to an As A Service makes sense from a profit sharing perspective (win win for client and tech owner). The milestones have been set far enough out of reach to give the vendors some real drive. If achieved then we are all laughing all the way to the bank. Early traction to demonstrate that the milestones are achievable should be well rewarded .

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If all milestones are achieved then you're probably looking at a $300m MC or so valuation, diluted for the milestone shares that sets a SP of around $1.65. IMO the market will be happy to start to drive the SP towards this as soon as it looks likely to occur. If they hit the ground running with a few deals then I wouldn't be surprised to see this at a dollar within a the first year. Anyway, the market will decide. I have a point where I'll add, all going well a few stale holders provide that opportunity

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The targets for these milestones shares have been set extremely high, they have seriously raised the bar here. I have not seen milestones this hard to get. The KTG BoD must be very confident and must hit the ground running post listing.

2nd milestone for $60m cumulative revenue within 2 years, not from K-Tig unit sales but pay per weld or Weld as a Service. They must be anticipating huge weld volumes to generate this cumulative revenue. Similarily to the 3rd milestone o $15m EBITDA within two years.

If they do hit those numbers and K-Tig is profitable, I would think $500m is a better valuation as those numbers are pretty serious

Maybe repost this on the KTG thread.

S3R Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
8 Upvote

0 Great analysis

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