Range IPO, page-2

From AFR:
"Morgans analysts valued Range International at $181 million to $202 million in pre-IPO marketing reports sent to fund managers, using a combination of discounted cash flow and multiple-based methods based on 2018 financial year forecasts.
Range International is one for the believers.
It forecasts $2.9 million revenue and a $1.8 million loss in the 2016 financial year, increasing to $44.4 million revenue and $10.8 million net profit come fiscal 2018.
The company is seeking to raise capital to scale up operations. Morgans said it expected Range International to have 10 production lines in the 2017 financial year, from two, which should help the company break even."