I think it's just a matter of time before UBN's $8 million going to $10 million in 2020 Strata/facilities management cloud software revenue gets recognized by the stock market.
The market typically jumps 9 months ahead of a significant events and with free cashflow generation a significant event. We may see free cashflow generation this time next year which suggests some share price tension early in 2020.
The company trades at 2x market cap to 2020 revenues. This ratio is pretty credible against other pure SaaS microcap stocks like Envirosuite (EVS) and Bigtincan (BTH) which trade at more like 4x 2020 revenues.
I'm not saying UBN is a no brainer today but if the get to $10 or $11 million in revenue in 2020 and are crossing over into free cashflow generation in 2021 with revenue potentially $13 or $14 million I'm pretty sure the market will start to run with this stock.
You can easily see a double from here.
Seeking Thoughts on Recent Reports, page-10
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Last
44.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.38M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.0¢ | 44.0¢ | $1.467K | 3.333K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2923 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 10000 | 1 |
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| Last trade - 10.09am 15/11/2024 (20 minute delay) ? |
| UBN (ASX) Chart |