I'm on the fence with this IPO valuation and happy with my level of exposure to the company through BTI.
Cons
1) 12.5x revenue is on the higher side - why not ask for a lot in a hot market?
2) The current revenue model has a low sensitivity to whether people travel or not. It isn't like an airline or hotel. So I don't see huge upside potential for the revenue.
Standout pros -
1) ARR combined with a sticky product.
2) Global reach
3) Short term growth possible
4) Positive macro trends - wealthy middle class
In summary, if it drops within a couple of months/weeks to my perceived fair value target then I will buy more. If it increases then BTI holders will benefit anyway.
I'm on the fence with this IPO valuation and happy with my level...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.04 |
Change
0.005(0.48%) |
Mkt cap ! $154.5M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.05 | $1.03 | $94.31K | 91.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 47189 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 31448 | 3 |
View Market Depth
| Last trade - 15.47pm 18/06/2025 (20 minute delay) ? |
| BTI (ASX) Chart |