The management has target revenue this financial year of $33-$35 mil recorded in the AGM presentation. SAAS companies are often valued at roughly 8-11 times revenue, meaning it should have a capitalisation of $264-358 mil., with around 187 mil shares. This gives a value of $1.41 - $2.05 a share. Of course, Regal selling down is the issue. Now they are no longer a major shareholder ( >5%) there is no notification. Just have to wait for this to be soaked up and should recover
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The management has target revenue this financial year of $33-$35...
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