i think there's more to the SBB than others have imo falsely concluded is to "prop up the SP to appease SH" which would be temporary & short-term - i think this because Kin's previous moves have been strategic with long-term benefits:
a more sound justification to the continued SBB is Kin could be steering the company towards being an attractive acquisition target, & the SBB maximizes returns for SH:
soon iCandy will officially be the largest studio in the region, growing & profitable. Next year iCandy should be at 500 employees & that's highly valuable in itself because the co should be able to produce 6 to 8 quality games like Claw Stars per year, & launch one triple-A cross-platform title every two. Plus continue with Lemon Sky's work for hire business that should rake in around $15 million/year alone.
given the above output & revenue, no wonder there's an SBB because the company appears to be severely undervalued:
using a P/E of 40 (for a highgrowth tech company this is fair imo) & assuming profit of $5m, $10m & $20m equates to an MC of $200m, $400m & $800m respectively:
current undiluted MC is around $100m so i calculate there's 100% to 700% upside from current SP within 2 years! this is as long as the trajectory is confirmed:
risk to reward looks highly favourable: i think this time next year SH could all be rich
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1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $25.55M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.9¢ | $3.623K | 181.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 354986 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 354986 | 0.019 |
7 | 900555 | 0.018 |
7 | 1038122 | 0.017 |
4 | 670000 | 0.016 |
3 | 1050024 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 50000 | 1 |
0.024 | 478188 | 2 |
0.025 | 6000 | 1 |
0.026 | 38423 | 1 |
0.027 | 61209 | 1 |
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