Hahaha......just had to check it wasnt 1 April but then maybe the circus is in town.
Its a business with revenue of $40m per year. It has over $120m of revenue already locked in for the next 5 years. That is firm contracted revenue and not just revenue forecast like most companies. It has more than a couple mil in cash in the bank with no debt.
The equivalent talking up statement would be to say its a $60m company worth $1.8bn - using your factor of 30. Obviously its not worth that - its worth $60m today according to the market. Not $1.8bn and not $2m.
Hahaha......just had to check it wasnt 1 April but then maybe...
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Last
5.5¢ |
Change
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Mkt cap ! $73.83M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.7¢ | 5.4¢ | $29.43K | 529.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 46313 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 35622 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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5.5¢ |
Change
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| Open | High | Low | Volume | ||
| 5.5¢ | 5.7¢ | 5.4¢ | 413749 | ||
| Last updated 15.58pm 29/04/2024 ? | |||||
| ALC (ASX) Chart |