stevenjd was correct, my calculations were wrong. From the asx release
"The acquisition of Intiger is considered low risk by the directors of Star Striker as consideration for Intiger is based exclusively on net profit after tax (“NPAT”) performance milestones that relate to up to $40m NPAT in a three (3) year period to 30 June 2019."
I would still argue that a PE between 10-15 is reasonable for a Fintech business, at 15 share price is approx 10c. However in sectors like tech and financial services a PE on the range of 20 isn't out of the question
stevenjd was correct, my calculations were wrong. From the asx...
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $33.03M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 19.5¢ | $4.563K | 23.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 41550 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 5000 | 1 |
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| Last trade - 10.08am 19/07/2024 (20 minute delay) ? |
| SRT (ASX) Chart |