Hi Vintage - the total potential world market for stroke...

Hi Vintage - the total potential world market for stroke scanners is shown in EMV presentations. The latest on 17th March 2021 showed 19580 stroke wards and 123,200 ambulances giving a total of 142,780.

Now being cautious I assumed the total maybe was a bit optimistic or perhaps not all stoke wards or ambulances would buy a scanner. So I rounded this total down to 100,000. I assumed the life span of the scanner at 10 years, so if we can even things out that equates to 10,000 units sold per year. I know lots of units will be rented and this will decrease revenue in early years but increase profits in later years. Also as Eire2011 has pointed out I did not include consumables. I wanted to keep the sums simple.

I was an engineer in an earlier life so I applied the engineer safety factor of 2 to the 10,000 estimate. That is how I arrived at the seemingly low sales estimate of 5000 scanners per year.

Also I consider my assumed PER of 25 to be low. Probably a PER of over 30 would be more accurate but I wanted to be cautious. So for the time being I will stick to my forecast share price of $25 sometime in calendar 2023.

You mentioned an earlier valuation done by milk. I could not find it. Could you be kind enough to give me a clue where I might find it.