Buy Recommendation, page-355

Z3b5ior

My TA couldn't predict that with any degree of accuracy.

I know close to nothing about this co or its FA so those with more time and skills could elaborate.

To go with a simple PE valuation and avoid going down into EBITDA/DCF path..

It seems there are around 738mln ordinaries on the market (no idea if there are oppies or other dilutions in the wind - haven't read the 4C's for cashflow or burn).

SP of $2, assuming a PE of 20 would indicate an enterprise value around $1.48 bln ($2×738mln).

$1.48bln / PE20 = $74 mln expected in fwd revenue.
I'll leave those more knowledgeable to correct my scratchings and fcst revenues..