I value to business on FY21 cash position then factor in the services business
$8m FY 20 cash
+ $10m IMOD contract cash + say $5m EBITDA from services business
= $20m+ cash at FY21
That is 10c per share cash
Now let's value the services business
It did $1.9m EBITDA in H2 FY20
So let's say they do $5m EBITDA for FY21
Recent sale at 10x EBITDA = $50m valuation
=21c per share
So 10c + 21c per share = 31c per share and that doesn't include the technology business... Which you get for free on this valuation
Cannacord Sets New AVA Target 38c, page-20
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13.5¢ |
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Mkt cap ! $37.69M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $9.308K | 68.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 924712 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 759046 | 7 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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13.3¢ |
Change
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| Open | High | Low | Volume | ||
| 13.5¢ | 13.5¢ | 13.3¢ | 28252 | ||
| Last updated 13.09pm 03/05/2024 ? | |||||
| AVA (ASX) Chart |