Starting this thread as a forecast for the FY21 Sales.
I see the sales and NTV margin as the biggest driver of FCF for the business.
My estimate is:
Gross Sales = $276m-They had $126.7m H1 FY21
- I'm adding 6 months in F2 FY21 at $25m a month.
- Basis is Nov-20 was $30m, Dec-20 was $21.7m. As such a halfway point assumed for the next 6 months seems reasonable.
Private Sales = 15.5m- They had $1.2m in Nov-20.
- This is growing at 71% MOM, albeit from a very low base;
- I've assumed a 20% MOM growth rate to the end of FY21.
Interested if anyone has broker reports which have FY21 guidance for these items.
On a side note see below Google trend data, both weekly and monthly for My Deal.
Week of 5 November was the peak and everything is measured against that (way google trends works)
Things seem to be trending up in early Feb, hopefully a sign of continued pace of customer and sales growth.
As always DYOR.