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9.2¢ advanced health intelligence ltd

I tend to agree with you on those points.

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Jojobinks

75 Posts.

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12/01/18

15:05

Post #: 30261893
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Originally posted by Benjamins ↑

After seeing the Redleaf bullish assessment of MYQ I decided to do some research to see how good this really is and for those that got in early congrats to you. However I think Redleaf is a touch bullish on their modelling as they have $20m in revenues in FY18 (zero today so they have less then 6 months to get these numbers in). Just having a look at the Fitocracy deal which MYQ is targeting UP TO (and that's the key here) $9M in revenues based on a target of 500k subscribers per annum (out of 2m supposedly on their books). I think the reality will be very different and assumptions and targets are unrealistic based on the fickle nature of people and committing to pay for something (even if its a small amount). There has been plenty of stories (MSM is a classic example) of companies and their revenues projections not matching reality at least in the early part of a business life even with doing surveys and using various techniques to gain a possible market insight. Can I also say that this is an unproven business model so we are not really sure how this will down with potential subscribers. All I'm saying is I think the revenues projections are way too bullish from my experience

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I tend to agree with you on those points.

MYQ Price at posting: $1.24 Sentiment: Hold Disclosure: Held
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