I thought that before killing myself with laughter I should just check what it would take to get to $10.
Not rocket science. Circa 250m shares on issue post SPP, so a market cap of $2.5B (starting to smile wildly.) The industry average PE ratio is around 15 so we would need a NPAT of ,drum roll, $167m. Time to check the spread sheet.
Our factory running at full capacity should roll out about 390,000 units and if we don't get any economies of scale produce a profit of $84m before tax. So we fall short of a SP of $5 unless theres more to it than that.
If the factory concentrates on producing flat packs which are exported to assembly plants around the world, $10 a share might just be the beginning.
Makes 18 cents cheap if you believe the story.
I thought that before killing myself with laughter I should just...
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.27M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $1.24K | 10.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 160883 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 45232 | 3 |
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| Last trade - 15.31pm 09/10/2024 (20 minute delay) ? |
| VMT (ASX) Chart |