Most of their revenue to date is coming from "logistics"....so this company is not a tech company but a small middle man in the logistcis chain. As a result their revenue does not deserve a "tech" multiple.
Thats what I've been trying to understand in how to see the potential of DW8/Wine Depot. Is it a tech company encumbered by a high cost low margin logistics division, or a logistics company with a techy front end? I'm told it's both, but until DW8 is more than an an ASX conduit for Wine Depot to cap raise it must surely be priced as a logistics company?
DW8 Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
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