Ok, So here we are trading and I thought it time to promote some discussion about the valuation of MigMe. As always with these type stocks it all about blue sky but with the likes of Facebook and Twitter starting to convert that blue sky into serious profits...things are becoming a lot clearer.
If you read the following:
http://www.forbes.com/sites/georgea...-user-is-worth-110-facebooks-98-linkedins-93/
If one took the MAU (Monthly active users) and applied the same valuation of 100 bucks per active user, we would have a market capitalisation of around 400-500M. Even if we applied a 50% discount to the rate (as it is a different business model, with monetisation not based on advertising) then we would still have a Market cap over twice todays.
MigMe are targeting a market nearly 5x the size of the market that the big 'western' social media companies have entrenched themselves in.
Do the math - It's only a matter of time and exposure before this train leaves the station I reckon.
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