Had to take blog down due to perceived conflict of interest at my firm.
I have my data at home but off the top of my head, it’s not $100m if you’re talking about existing contracts. IIRC my projections to FY16 were about AUD $50m but that doesn’t include the last few contracts and assumes scale-up growth rate and market share growth rate at a multiple to the industry CAGR. Doesn’t factor in new contracts though so may be understated.
Also that’s FY16 not EOY16 so you’re probably looking at around $80m by end of 2016 if I were to take a guess without any of my data in front of me.
It’s hard to model growth with an early stage company like this though because they could get one huge contract that would distort the growth rate so my estimates are on the lower range. I believe my price target was about 10-15% lower than Foster’s (but I haven’t updated to include the latest contracts).
