one simple way to look at 3PL is to value it on an EV/Sales basis. 3PL stand-alone currently trades at sub 3x while most decent software companies trade at 6x+. Virb argue the combo of 3PL and Blake will immediately re-rate to a multiple more in line with peers and that's roughly how you get to your double. Virb showed the math in their letter to the board and one has to adjust for the new shares to be issued.
From here, one has to decide whether 3PL deserve to trade at a much higher mutlple as Virb believe they should
Ann: Chairman's Address for AGM, page-8
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Last
$1.08 |
Change
0.000(0.00%) |
Mkt cap ! $296.5M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11241 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 5052 | 2 |
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| Last trade - 16.12pm 23/07/2024 (20 minute delay) ? |
| 3PL (ASX) Chart |
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