The article is inaccurate... as per RCL's latest release, there are 87,750,000 SOI... x 0.3 gives a MC of $26M, not $13M the article alludes to. Assume they can hit $4M this year, I would be cautious to put at 10x on revenue multiple but would get them to $40M MC effectively PT of 0.45-0.48.
The thing I am cautious about is that this is a competitive space, there are lots of players... so why does RCL win?
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- Ann: December 2018 Quarterly Report and Appendix 4C
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 39000 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 20000 | 1 |
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No. | Vol. | Price($) |
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1 | 39000 | 0.087 |
1 | 40000 | 0.086 |
1 | 35000 | 0.084 |
1 | 35000 | 0.083 |
1 | 60939 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 20000 | 1 |
0.096 | 25000 | 1 |
0.100 | 78130 | 1 |
0.115 | 146020 | 3 |
0.120 | 94743 | 2 |
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