Hi Mjp2
Working off $10 million in revenue per year
$2.5 million in costs per year
Tax is a tricky one but id say ADO would have a load of tax deductions to write off and past losses to write off also so lets say total profit of $7 million.
$7 million and a conservative PE of 20 for this industry gives us a $140 million market cap or 20 cents per share based on income alone, then add on future potential which is huge and you can see where i am getting the 20 cents plus estimate from.
A PE ratio for companies in the same industry with less future revenue potential start from a PE of 20 and go as high as 50.....
Just back of envelope numbers so dont hold me to it but id say when we get the next deal signed off quite a few will follow in quick succession.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 147699 | 2.1¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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16 | 2097513 | 0.020 |
9 | 2092391 | 0.019 |
7 | 2493502 | 0.018 |
5 | 1724748 | 0.017 |
Price($) | Vol. | No. |
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0.019 | 147700 | 1 |
0.021 | 1247111 | 2 |
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