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I just hope this thread continues due to the name! :)

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mjhawkey

78 Posts.

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19/09/19

07:55

Post #: 40475333
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Originally posted by Magwheels5: ↑

Im expecting this stock to perform strongly post raise.
This oversubcribed placement should consist off some new long term insto's, some current instos , some insto and sophisticates who have already been selling their stock expecting the raise , and experienced investors whom can see the future. Citibank who are doing the raise have been the biggest seller over the past 2 months , followed by Credit Suisse. As ive said before there is no better time to be buying this stock at this price. This company currently has a market cap of around $300m - at years end it will have around $50-55m worth of cash on hand, have ARR of 50m which means at a muliple of 10 times for a Saas company should be trading around half a billion.so stock should be up around 66% so back to the 50-60c rangewhere it was trading a few months back before the credit raise started weighing on the stock.
Without external market forces or another GFC this is the bottom for this stock. This is a great growth business cash up, currently ARR would be around 45m so its trading around 7 times
By FY20 ARR will be around 65-70m off top of my head , cash in bank will be 40m so stock will be trading new highs.

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I just hope this thread continues due to the name!

LVT Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
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