Peter is right. We have a case where revenue is increasing rapidly and as the company continues to grow & hit/exceed targets, the revenue multiple applied should also increase. For example, if in the next 2-3 years they could double the revenue & the market increases the revenue multiple from 1 to say 5, thats a 10 fold increase in share price. This one is definitely accumulate & hold long term!
PPL Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
