One of the only reds in my portfolio today which is a bit of a...

One of the only reds in my portfolio today which is a bit of a shame. Can understand some people taking profit and de-risking portfolios and really don't think it's much to look into except opportunities to top up on a long-term play.

Should see price move back up towards the 10c floor when people sniff out the opportunity. Very thinly traded so lots of volatility expected.

Pricing this on a forward P/S of around 3.3x (@$0.10) - assuming 32% revenue growth (same as FY18-19) - which I think is conservative given the ability to scale that they have obtained and the amount of sticky contracts. Just for comparison, atlassian trading on around 20x, afterpay on 16x, appen on 6x, Xero on 14x

Obviously they are different companies and the others are much bigger, but you get the point, and with 8CO almost being cash flow positive (whereas others are still 2-3 years away from profit) you've got a huge opportunity to get in on a nice little sticky recurring revenue company, likely to be a decent dividend generator 2-3 years time, as well as 20%+ annual organic growth.

GLTAH - DYOR