@Bgall and @49parkn, I am not disputing this is a great company. I concur with those sentiments.
The company is on track to make ~$10m EBIT (from $100m gross revenue) this year but has been trading at a valuation of over $500m. A 50x multiple is a little bit excessive for a business of this nature.
It seems more likely that a 10-15x EBITDA multiple would be more appropriate which is consistent with high growth healthcare/ medtech enterprises.
I think it would be naive of us to not expect Ben and Matua to sell down 30% or more of their stock to realise some gains.
IMHO GLTA DYOR
@Bgall and @49parkn, I am not disputing this is a great company....
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Mkt cap ! $71.98M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $25.97K | 218.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 47635 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 13.0¢ | 127896 | 2 |
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| Last trade - 15.36pm 03/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 12.5¢ | 12.5¢ | 11.0¢ | 55172 | ||
| Last updated 11.22am 03/05/2024 ? | |||||
| VIT (ASX) Chart |