To get to over $1 billion market cap which is around $8-10, we will need a net profit of around $25-30m... Fast growing companies can have large PE's, so a PE of 30-40 seems reasonable...
Receipts from BHA are anticipated to be in excess of $0.8m and provide the Company with combined results for full FY17 of $20.3m (an increase of 399% on FY16 of $4.1m).
A big if, but if FY18 is just as good as FY17 in terms of growth, we will have revenue of around $100m... Net profit could come in at close to $20m-25m...
There are a lot of variables, and the big unknown is international expansion, but the footprints are there for great growth to come, and $1b market cap may not seem as unrealisic as now in a couple years time... I think we will have more of an idea by the end of this year what our future looks like...
BIG Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held