game changer

Just a little bit of context here. The past 2 aquisitions added $350k and $450k projected revenue to ABN's baseline revenue assuming they they have no growth over last year. Based on eljo's last 6 months of performance this is adding $4.2 million to the same figure. This is a game changer IMO. Last year's revenues where enough to cover all the fixed costs of running this company so additional revenue streams can add all their margins to the profit figure.

So assuming all divisions perform as they did last year (i.e. no growth) we are going from $2.78m revenue to $7.78m. A mere 280% revenue growth.

A few weeks ago I posted a table comparing ratios of market cap/EV of other's in the sector. I've updated it to account for current prices (last close) as the sector has powered on in the meantime and even though ABN has risen along with it, it is still now an even tinier fraction of it's peers. Here it is based on last years numbers (i.e. no accounting for the 3 new revenue streams):

On this basis assuming ABN rose to the same EV/revenue ratio it would project an SP of 10.8c undiluted, 6.7c fully diluted. Now include those revenue streams... $350k for Okhi + $450k for EzyDirect + $4.2m for Eljo:

On the same basis as above we project a price of 28.9c undiluted, 17.9c fully diluted.

The same disclaimers apply as to the last comparison I posted. I don't really expect the SP to be going to these levels in the near future but it gives some context to current prices. This is only one way to do a peer comparison but the revenue ratios in the second table certainly tell a story. And at this point the company is sitting pretty with costs covered and marching on to add more revenue to the bucket.