Ann: Half Yearly Report and Accounts, page-18

Yep there are clearly two ends of the spectrum owhen it comes to valuations of fast growing cash flow negative or neutral tech companies. 

Bid got to a price to sales ratio of 50, evs is at 5... 

Im just trying to tease out what you (and others) think a reasonable multiple is? If the company is growing at 50%pa? 100%pa? 150%pa? 

Im not sure, but I’m very confident 5x is too low

i too am very happy to hear alternate views (i actually prefer them as we’re obviously at risk of confirmation bias on these threads)