All the numbers I'm quoting are high-level and we are talking pre-bigAir story
A year or so, SLC put in 100m of cash to use. It used 50m to fund operations and build fibre etc. and had 50m cash left in hand.
At this stage, its market cap is 400m (125m shares on issue x $3 per share)
Of which 50m is cash.
So, the rest translates to "The market values the company at 350m, despite the fact its total investment to date is 50m"
If that is true, and if the share-market's assessment is correct, and 7x value can be generated in the short-term by entering this sphere, then what is stopping a competitor joining the fray?
In other words, I'm trying to understand the rationale behind the valuation of SuperLoop. It seems very expensive to these eyes.
SLC - A simple question, page-3
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$2.13 |
Change
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Mkt cap ! $897.5M | |||
| Open | High | Low | Value | Volume |
| $2.17 | $2.20 | $2.10 | $1.636M | 765.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 17579 | $2.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.13 | 3029 | 6 |
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