isn't he CEO in the US? perhaps that's why you can't get a hold of him
why do you say things will get worse?? we will see the Co start generating solid cash flow this year...correct me if my back of the envelope calcs are incorrect here
20% in seabin...firm orders for 2500 units @ EU3300 (AU$5200) = $2.6M
clever buoy deployment...US$10k-$15k/month/beach...pilot starts this month for 3 months and if successful ready to rollout in another 6 beaches from October...so from October you'll have $10k-$15k/month x 7 beaches (incl Balboa beach) = US$70k - US$105k/month assuming successful pilot in Balboa Beach. Using the bottom end of the range and assuming $$$ generated as of November, that's 8 months @ ~AU$100k/month for a total of AU$800k
so assuming both the above are converted over the next 12 months AU$2.6M (seabin) + AU$800k (clever buoy) = $3.4M based on above
Market cap of ~$3M with ~$1M in the bank, leaving an EV of $2M.
what sort of growth multiple would you want to apply to such a stock??? 5x? 10x? 20x?
apply whatever margin you like...10% = $340k; 25% = $850k; 40% = $1.36M
using mid range of $850k @ 10x = $8.5M...almost 3x current MC
how do you see it?
