Thanks Mickysea. Just as I suspected you think there is nothing anywhere that is any value!!! Love to know what stocks you do hold because if it comes anywhere close to you have description above then I would love to buy some.
I am just looking at a few ASX darlings.
Nearmap ( Nea) is a market favorite. 2017-2020 rev are 41.1m, 53.6m, 74.1m and 94.7m ( both estimates) . Between 16 and 30pct growth forecast per years with EPS in those years -0.014, -0.028 -.004 and 0.015. So with 444m shares on issue that is a -6.2m, -3.1m, -1.8m and 6.66m....So breaking even mid 2019. They recently raised $70m for expansion of which $66m is left in the bank. Market cap of this company is 993.6m today. Approx 13 times 2019 estimate revenues.
This weeks IPO of Splitit is interesting!! IPO was 20c. Opened at 30c and had a high of 79c and closed at 54c. The Coy has turnover of $32m and a 1.5% margin fees. Its revenue in 2018 was $1.75m. Unsure when they plan to breakeven, but if Afterpay is any guide like they want the market to believe then approx 4 years after listing, 2022. Their closing market cap is 142m or 81 times revenue or 4.4 times their turnover of sales!!!! At the high of the week the market cap was over $200m.
And then there is BID. The best performing stock in the ASX in 2018. Up over 1200%. $4.1m revenue 2018 with -$4m EPS. Market cap $153m.
Obviously it very difficult to determine if revenue and revenue growth are the keys ( as amazon argued for 10 years.) Or if its time until breakeven and positive EPS!!!!
As always this is my opinions only and not advice of any kind.
HOLDTIGHT.
BUD Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
