IBN 0.00% 2.0¢ ibuynew group limited

Nightwatchman and others: Using the method of valuation(see last...

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    Nightwatchman and others:

    Using the method of valuation(see last investor presentation): market cap/revenue = multiple,

    then sp = (Revenue x multple)/no. of shares.

    Note that iproperty group(IPP) has a multiple of 24.8 in FY14.

    Say we use a multiple of 20(as suggested by Nightwatchman), then based on FY15 for ibuynew alone, we get:

    (1.65m x 20)/698m = 0.047 cps. This alone is higher than current sp!

    Note: $1.65m is 50% of $3.3m(ibuynew revenue for FY15).

    What is the FY15 revenue for BYO jet? I couldn't work this out. In FY14 it was $7.8m. DVI's share was 38.73% or $3.02m.
 
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