Do you have a link to that report. I can't seem to find it

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Tigers241

123 Posts.

02/08/17

11:04

Post #: 26235747
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Originally posted by Swelly ↑

From the report!!

Indicative valuation and scenario analysis
MSM is an early stage company, pre-revenue and with a business concept yet to be fully
tested. At the end of June, the company had $720,000 cash-in-hand. Its shares have
been suspended since July 12 pending an announcement regarding the global celebrity
contract and a capital raising. Our current DCF valuation, based on the company’s
performance hurdles set down in its 2015 prospectus and driving our revenue and
EBITDA forecasts, gives us a DCF valuation of $0.96/share (based on a beta of 1.9, WACC
of 15% and terminal growth rate of 2%).
If MSM were to secure 10% conversion to paying customers from a total audience of
60m, the DCF valuation could rise to $1.85/share. If the company was to secure 10%
conversion to paying customers from a total audience of 80m, the DCF valuation could
rise to $2.59/share. If the company was to secure 10% conversion to paying customers
from a total audience of 100m, the DCF valuation could rise to $3.34/share. We caution
that the assumptions which drive the revenue forecasts are yet to be tested in the
market and the above scenario analysis is hypothetical until the business model is proven.

I like those numbers ladies and gentlemen!!!

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Do you have a link to that report. I can't seem to find it

MSM Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Do you have a link to that report. I can't seem to find it

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