Im still holding onto some bid (it’s trading at more like 22c pre consolidation), and its actually some of the similarities which attracted me to evs as well as the valuation discrepancy. Both will scale very well. Guy Maine and Peter White are both extremely focussed, hard working, and motivated. Both are ‘winging’ it to a degree I believe as they are responding to their customers and the opportunities. I don’t know how peter came out with 100% growth per annum but the fact we’re tracking at his target is a massive credit. Once the market starts to believe the company this will re rate strongly. opportunities will start to come left right and centre I believe. It’s the network effect that will drive growth (ie a worker goes from one waste water treatment company to the other and then introduces evs to the new company etc) rather than relying on the sales force.
Its funny, it’s impossivle to predict when these types of companies start to win the attention of the market but when you draw out the arr there is a clear inflection point last quarter. The growth is accelerating. We’ll be at breakeven once we reach 12 mil by the sounds of things.
I’m stupid for being so positive, as I’ll hopefully buy more, in the days and weeks to come. It’s a great narrative, but the valuation is the key here. Can anyone find another well funded saas growing at 100% at a psr of 3-4? I’d love to hear about it, especially one with the tailwinds and total addressable market on offer here.
Ps well done on buying bid at 0.009. I froze after having bought a pile at .015, but fortunately due to the cgt discount I forced myself to hold for at least a year!
I hope the execute here. I’ll go out on a limb and say in 12 months if they hit the 100%pa and reach breakeven, we’ll be at least 50c
