Hi everyone, I've hit my accumulation limit so I would really like to know who is still selling? *facepalm*
Looking at the numbers I tend to agree with the $1 valuation.
With the current fundamentals it is not hard to imagine AUD$7.5m in profit in the next 12 months, a P/E of 40 is not too ambitious for a business that can grow 50% in the next 12 months (Pagasus alone could achieve that). So a market cap of 300m in 12 months is not unreasonable ($1 per share).
Even if you assume a modest $5m profit in the next 12 months, with a modest PE of 26 (assuming a modest 6% growth per quarter) you get a valuation of $130m (43c per share).
-Risk of Capital Raising (nil)
-Risk of going bankrupt (nil)
-Downside risk (low)
-Potential for further growth (incredibly high)
-Directors have skin in the game? (Yes)
Can someone please enlighten me as to why this is a good time to be selling?
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Last
1.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $16.40M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $479 | 46.06K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 5248052 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 134000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 5248052 | 0.010 |
2 | 200099 | 0.009 |
2 | 182600 | 0.008 |
1 | 200000 | 0.007 |
2 | 1000032 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 134000 | 1 |
0.012 | 186887 | 5 |
0.013 | 486009 | 5 |
0.014 | 363311 | 2 |
0.015 | 1001200 | 2 |
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