Hopefully goes the other way Baz.
6 mil pre registrations seems insane when you do the numbers.
IMO being a growth co, current price can be justified reasonably by;
300k paid subscriptions
$144 / subscription annualised - $43mil rev
20% margin on revenue
10 PE
This is priced as if the market thinks the 6mil pre registrations isn't legit.
Obviously even a slither of the 6 mil would be huge, interested to see how this pans out.
EM1 Expected to trade above 20c on open, page-177
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Mkt cap ! $9.205M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $20.88K | 2.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 8 | 11630701 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.9¢ | 3756214 | 9 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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| 0.8¢ | 0.8¢ | 0.8¢ | 899158 | ||
| Last updated 14.50pm 31/05/2024 ? | |||||
| SP8 (ASX) Chart |