Agreed, even if it is just one sale it is material both strategically and financially. High value, high margin and they have guided for 2 sales this year so might not be the last.
2 MEG sales a year transform the company, 5 to 7 and the current market cap is out by many many multiples. Add in a bit of traction on sleep diagnostics, SOMFIT and TCD and beyond that we need very little to happen for extraordinary returns. Perhaps bring in a heavyweight independent NED, update the IR effort and streamline IR presentations, reinstate guidance, and highlight some return to business normalcy after COVID and there is no reason we should not be looking at 10x to 15x from here, over a 24 - 36 month period.
CMP Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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