Hello T.E.P, Just wanted your feedback regarding the comment...

Hello T.E.P,

Just wanted your feedback regarding the comment below and your above statement.

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DW8 as an ASX200 business is a ludicrous statement at this point. It is merely a startup so far. From the ~$6b Australian wine industry, ~$3b is exported, ~$2b is trade sold and ~$1b is DTC. The ~$1b DTC consumer segment is the main target audience for DW8.

Even at 50% market share of the DTC channel (which is very ambitious) $1b x 50% market share x 30% (conventional distributor margin) x 10% cut for DW8 = Maximum of $15m revenue p.a.
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Source: https://hotcopper.com.au/posts/45206582/single

Your calculations and therefore your valuation of DW8 has obviously changed since you originally posted the above comment (max revenue 15M pa). Do you consider your above analysis a little on the conservative side?

BTW- I appreciate your analysis and detailed research into the company. Just seeking clarification on the above and how/why your mind has improved regarding the company prospects longer term.