Synnex - the million dollar opportunity?

Good to see some activity as the Synnex partnership is (hopefully) starting to materialise for Simble:

Synnex Australia post on Linkedin: https://www.linkedin.com/feed/update/urn:li:activity:6437081804519411712/

I've crunched the numbers and that's my take:

Simble (SIS:ASX) has a market cap of $14 million, with ~$2-3 million in revenues.

Synnex Technology International Corporation (2347:TT) has a market cap of ~A$3 billion and turns over ~A$16 billion (FY17) while its local arm Synnex Australia posted revenues of ~A$2 billion during FY16.

Synnex is pushing out the Simble Energy Platform to its 6,000 resellers (Source: SIS announcement 15 May 2018, Synnex Website)

If 1% of resellers sell 1 subscription (3 year SaaS subscriptions) per day per month - make it 20 business days per month - we are looking at:

(6,000 x 0.01) x 20 = 1200 subscriptions per month

For 12 months with an ARPU of ~$1200 (see prospectus page 51) we are looking at $17 million in revenues per year.

This might take 12-24 months to come to fruition but I reckon it's still fairly conservative and excludes anything from existing partners (SIS growing at 100%+ already) as well as the UK. Simble's market cap is $14 million...

As always DYOR and everything IMO.