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Are you serious? If they made $130m profit per year they would...

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Dannygold

1,191 Posts.

173

15/04/16

23:24

Post #: 17518478
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Originally posted by Londoner ↑

Personally liked the 32 cents target...but also wondered wondered what you were smoking when I saw that.

I see personally much higher short term as just looking at their consumer selfie drone and ability to produce 50,000 units per week under the new manufacturing agreement.

Say on the $395 per unit retail price, say IOT makes $50 profit per unit. This is $2.5m per week net profit or $130m per year. Then look at potential future returns from all their other product portfolio (which are in different stages of product development / product launch cycle). Whilst more significantly they are well cashed up.

All for a measly market cap $m in the single digits. So for me first realistic target share price wise is in the double not single digits.

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Are you serious? If they made $130m profit per year they would be worth $3.2 dollar not 32 cents. 50,000 units per week is the maximum capacity, they will be producing much less than that. We can only know how much they are selling when there is a pre-order number.

IMO 3.2 cents target for next week would be more reasonable.

Last edited by Dannygold: 15/04/16

IOT Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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