Short summary of more in depth calcs:
Let's say using Bid Billy saves $50/bill per household
4 x bills = $200/yr.
Let's say BID keeps 20% = $40 per household per year
There are 10 million residences in Australia, so let's say 20% of Australian residences use the service (2m residences):
$40/yr x 2 million homes = $80m/yr revenue.
This all has little cost.
At a conservative PE of 15 this is $1.2 billion company - and solely for Bid Billy in Australia.
Even if you halve it - it is still $600m.
BID has good presences in the US already - so only a matter of time before it is expanded in to the US - there are over 125 million residences in the US. And then Europe, Asia...
So am thinking with some traction in sales by end of year BID could easily have a MC of $300m = SP of 55c
BY next year will double that - $1.10.
After some tweaking of software and BID Billy gaining entry into the US - well the sky is the limit.
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