i'll take that bet too; actually, i already have by putting my money where my mouth is & DCA'ing, because the preliminary report showed ICI had $31.5m revenue & $500k profit before tax last year & the company still has $17m cash;
this year revenue should grow considerably because LSS contributed only 11 months to last year's total revenue (date of control was 31 January 2022), & r company grew headcount 10-15% in H2;
therefore just those two considerations alone (11 months revenue from our Golden Goose that has increased output at least 10-15%), should be an additional $3m+ this FY; also the preliminary report stated that last year's profit after tax would have been $1.5m excluding the LSS acquisition costs; therefore, everything else being equal, this FY should result in a MINIMUM of $2.5m+ profit after tax:
add expected revenue from upcoming NFT sales & new games (there should be alphas of at least MG & potentially AnotherVerse, Star Life & QA too), plus additional revenue from Froyo/GameBox, Kyo & hopefully one or two other casual games (Knights of Fortune & Froyo's Unnamed Game): i expect revenue this FY to be a MINIMUM of $40m-$45m with a resultant NPAT of $3m-$5m:
using a VERY conservative P/E of 25, forecasted MC this time next should easily be $75m-$100m+
current MC is $60m & EV = $43m
i expect at least a 50% upside & am backing the truck up in typical HC ramper fashion. that is the way
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 34972 | 2.1¢ |
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Price($) | Vol. | No. |
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2.2¢ | 18750 | 1 |
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1 | 34972 | 0.021 |
7 | 355463 | 0.020 |
3 | 285000 | 0.019 |
2 | 126437 | 0.018 |
3 | 650000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 18750 | 1 |
0.024 | 328188 | 2 |
0.025 | 299999 | 1 |
0.026 | 38423 | 1 |
0.027 | 61209 | 1 |
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