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29.0¢ getswift limited

Ann: GetSwift Reaches its First Performance Milestone, page-39

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Pactolus

1,284 Posts.

19/07/17

23:51

Post #: 25969752
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Originally posted by Spec2Acc ↑

The Commonwealth Bank deal was what made me buy in at a much lower SP a few months ago and at about half the market cap that deal held a lot of weight. But 250 million deliveries over 5 years is 50 million a year, at around 22c per delivery that's only around $11.5m revenue per year which isn't quite so substantial for $150m market cap (+dilution). Also all of those calculations are only relevant if their forecasts are right which could turn out to be a big if, I may be wrong but I don't believe CBA or any other client are contacted to any minimum number of deliveries.

Like I said, I really like the product and it has massive potential for the longer term but I really need more growth and/or big contracts to feel value at this price, too much risk still on the table and not enough proof and fundamentals yet. I'm definitely watching closely though.

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Let us see if the co can sign up 10 banks the size of CBA and throw in Amazon plus a few more such as this and the market cap will take care of itself. Onward & upward! This is one very exciting company which I believe will deliver many happy surprises. Hang on to your shares as you "aint seen nothing yet"!

GSW Price at posting: $1.15 Sentiment: Buy Disclosure: Held
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