@saintex. Thank U for MBH. Will study more. I noticed today's announcement by Sky ( SKT) they are doubling their FY 22 guidance for Ebitda by 30% to $ 150M and NPAT guidance by 100% +...to min $ 40M. MC of $ 350M this would value it at x 2.3 EBITDA which sounds really cheap. But i have no clue on valuation in that sector. I recall u are familiar with it. Any thought ? BTW u saw the bloodbath on VR1 past few days ? people did not realize it was below 10 sen a bit more than a month ago. It tripled since. So of course there would be a correction. Me, i just follow the money..or shall i say the Total contract value. It has tripled to $ 11M in the past 5 months and doubled in past 40 days...I expect one more announcement regarding more sales before then end of this Q (Dec 31st)but lets say we stay at $ 11M for this H1 2022 then increase that by a very reasonable 30% for H2 FY 2022. We would get a TCV of $ 25M+ with positive Ebitda if not PAT and at current MC of $ 160m this would value VR1 at x6 revenue only.
