Thanks for your response. Yeah, I was guessing you were using a simple metric like that, which is arguably appropriate because it's the only tangible figure you can come up with.
If the market continues to use that sort of valuation, we are going to be undervalued until the acquisitions are announced (highly likely, but we won't be waiting too long) and until an actual increase in revenue is achieved and reported (this part does make sense and is reasonable, but allows anyone who believes that good results will come to buy up cheaply in the mean time... which is why at this point you can take my shares as long as you manage to pull them out of my cold, dead hands, because I can't see those results not becoming a reality, and if they are, they're certain to put the share price well above the current range).
In a lot of ways this is the same sort of thinking which had the market valuing TNT as sub 10c until last month, and I was delighted to trip over it and take notice.
A great way to make profit is to compare the difference between the value something can reasonably be expected to have in the future, and the value it has on paper in the present, and if possible, buy at the present valuation. Sometimes the market does price in future value, and we've seen examples of that in cyber security recently, and sometimes not, as I'm sure I'm not alone in believing is the case with TNT.
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