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R.I.P. Hermii, page-85

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Mom88

1,583 Posts.

386

30/06/21

17:28

Post #: 54184702
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Originally posted by Tarvold: ↑

You completely missed the point.

If you invest in the expectation of multiples of a return, & I never expected them to hit $50m , & you don't even see a reasonable return on your investment (especially for an unlisted investment) you sell.
The CN was priced at just over 1x Revenue when the peers example was 4.5 times irrespective of the actual Revenue growth delivered.

A reasonable expectation of Revenue for FY21 last May was $18m which was all organic growth from existing resources/clients & expansion into the East Coast.
Even a conservative multiple would have been x2, so a market cap of $36m or 52c a multiple of x4.3 excluding interest

HMI went from $883k to $6.5m in a year, so going from $6.5m to $18m wasn't unreasonable IMO.
Instead they went from $6.5m to probably $7-$8m, so yes a failure to deliver.

Expand

My point was also referring to if the seed invested on previous management who promised 50m in revenue from a less than 1m base within that timeframe and seed went in because of that story then there is some serious lack of DD.

If HMI can go from 6-7m to 18m next financial year I will fall off my chair in surprise and if the growth is expected to be exponential and hit 36m by 2023 then this is an afterpay story.

Last edited by Mom88: 30/06/21

HMI Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.5¢		Change -0.004(8.16%)		Mkt cap ! $6.065M

Open	High	Low	Value	Volume
4.5¢	4.5¢	4.5¢	$405	9K

Buyers (Bids)

No.	Vol.	Price($)
2	26590	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	608558	1

View Market Depth

No.	Vol.	Price($)
2	26590	0.045
1	7500	0.041
1	5000	0.040
1	20000	0.039
1	25000	0.038

Price($)	Vol.	No.
0.049	608558	1
0.050	48000	2
0.051	10000	1
0.055	25000	1
0.057	85786	1

Last trade - 16.10pm 26/07/2024 (20 minute delay)

HMI (ASX) Chart