Australia's largest stock trading and investment forum Australia's #1 stock forum

BUD

Click for more information

0.00%

0.6¢ buddy technologies ltd

The numbers are amazing.., page-3

First 3 Last

Share
Profile

Follow
jfe

119 Posts.

3

31/07/17

12:38

Post #: 26182557
Share

Originally posted by copperroad ↑

The CEO has basically made it very clear, the company does not need more money. They have $6m in cash and another $5m in options. $11m is plenty.
Given this is 1000 units min order and looking at converting their numbers, that means about $22m in contracted revenues coming down the pipeline.
No manufacturing issues given they can produce up to 10,000 units per week if needed.
On these numbers, this is really only getting started. It could have revenues greater than the market cap in due course.
The growth potential is off the chart and hence this deserved re-rate. The world is a big place and these guys are gathering momentum now. dyor

Expand

They confirmed in their market release Friday (and again in the preso today) that the company has signed contracts that represent minimum future revenue commitments totalling A$22.7m...and as they said "this is a strong early indicator of the implied success of the Buddy Ohm product".

BUD Price at posting: 21.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Trump is President Again: What Does This Mean for Crypto?

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

First 3 Last

Add BUD (ASX) to my watchlist