The second=golden phase for LVT, page-21

Extending on my previous post Re LVT Valuations..
Notes:
- ARR: Taken as per quarterly releases
Assumptions
- Market Cap at a row level is average for the daily market cap over the month that quarterly release came out.
- June 2020 ARR calculated using same ARR growth for previous quarter (someone else may have a more realistic value- very basic logic used)

	Date	ARR	Change in ARR	Market Cap		ARR Multiple
1	Jun-18	15,000,000		234,999,585		15.67
2	Sep-18	18,600,000	4,300,000	307,809,773		16.55
3	Dec-18	22,900,000	11,600,000	169,983,815		7.42
4	Mar-19	34,500,000	5,600,000	290,410,871		8.42
5	Jun-19	40,100,000	2,800,000	291,992,203		7.28
6	Sep-19	42,900,000	9,800,000	270,867,086		6.31
7	Dec-19	52,700,000	2,500,000	236,135,351		4.48
8	Mar-20	55,200,000	2,500,000	154,614,538		2.80
9	Jun-20	57,700,000		222,799,904		3.86 (current)

As we can see LVT in previous years/months has been valued at a much higher multiple than what it is currently.
Currently 3.86.
I mentioned previously that at 0.43 cents, the market cap would be the same as the max it has been since June 2018.
At a share price of 0.43, and an assumed ARR of 57.7mil for June-20, the ARR Multiple would be 6.61 for the current number of shares on issue..