presentation says:
* 463 million people have diabetes
* 1 in 3 diabetic adults currently have chronic kidney disease
* target market 98 million tests per annum or 21% of diabetes tested each year providing US$539m p.a in gross profit or AUD$500M net profit after tax. on a PE ratio of 15, this is an $8 billion company
therefore, merely tapping into 5% of diabetics is AUD$100M net profit per year or $1.5 billion company
for some reason if they had 120 million shares, that is $12.50 per share value or a 24 bagger from here
looks very possible to me, if the industry can adopt this test
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Last
32.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.96M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 32.5¢ | $63.65K | 190.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 22073 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 57411 | 2 |
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| Last trade - 11.08am 25/06/2025 (20 minute delay) ? |
| PIQ (ASX) Chart |