Mgt have stated no need for acquisitions atm as they have their four revenue streams. Re cash: there are also the IPO options that will be issued in Nov 2020 at an exercise price of 30 cents (if SP stays above 30cps) generating about 5m in cash to the company.
Hence f20 could be a big milestone with profitability being established, scale and operating leverage proven and an extra 5m cash in the bank. I don’t think 8m+ f20 revenue is unreasonable as this is half the previous year growth rate. Hopefully Mgt will provide some f20 guidance at F19 results!
and don’t forget the minuscule market cap, it won’t take much profit to calculate a reasonable PE for traditional valuations!
An exciting future but happy to hear the counter arguements to ensure we have an informed view...
Mgt have stated no need for acquisitions atm as they have their...
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