FBR 2.22% 4.4¢ fbr ltd

Researching the revenue model here, I'm not sure if there's more...

  1. 6,643 Posts.
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    Researching the revenue model here, I'm not sure if there's more current / accurate info on this.

    From page 22/23 here;
    https://hotcopper.com.au/threads/ann-fbr-investor-presentation.7043479/

    They indicate each Hadrian X generates $2.4mil post tax profit, based on a laying speed of 174 blocks / hr which more currently they've done 330 blocks / hr. I saw a more conservative $680k / HadrianX profit mentioned in these forums, but have not found a source matching that.

    For perspective, if the JV gets over the line and we see 20 Hadrians, that'd be $48mil post tax profit.

    Their goal is 300 Hadrians in just the US, that's $720mil post tax profit. Throw a 20 multiple on that and MC would be like $14.4 bil, share price of $3 ex dilution.

    Has the blue sky appeal, exciting company with cool IP, the JV could be the beginning if it plays out favourably. Fingers crossed!

 
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