No re-rating of share price yesterday. Will take a little more...

No re-rating of share price yesterday. Will take a little more time for it to filter through to brokers and investors.

If you look at the actual market valuation and revenue data you will see some interesting similaries with listed online retailers:

E88 => $70 Million Market cap - Reported Revenues - 65 Million (1/2 year 15)
GEG => $110 Million Market cap - Reported Revenues - 100 Million (1/2 year 15)
SHP => $8.5 Million Market cap - Reported Revenues - 8.4 Million (1/2 year 15)

Given an additional $3.5 Million in revenue per 1/2 year; SHP market cap would be re-rated to around $11-12 Million for SHP.

So more around the $2.4-2.6c range makes sense at present as a target price.

However more daily volume required and more volume required on positive announcements. 50 Million+ shares traded on the Your Depot acquisition announcement last year. Well off those numbers yesterday.