Yep, I agree, and I suspect those share price levels may come even earlier than that.
Just having a look at EV / revenue multiples for SAAS businesses, looks like they're at record levels at Dec 2019. Multiples well over 10x for companies with growth rates similar to K2F. The business has been positioned in a sweet spot with SAAS, ESG and big miners all likely winners in 2020.
K2F price, page-3
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $19.62M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $12.40K | 118.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 145682 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 136246 | 2 |
View Market Depth
| Last trade - 10.04am 31/05/2024 (20 minute delay) ? |
| K2F (ASX) Chart |