Have a little faith baby, page-29

Based on the premise that share prices reflect the value of a company 12-18 months in future, I’ve been trying to find a reasonable estimation of the share price 12 months from now:

FY18 revenue of 181.7 million (69% step up change from previous year) with NPAT 8 million.

FY19 est. revenue of 209 million (based on 15% increase p.18 Investor Presentation FY18 Full Year Results) with est. NPAT 8 million.

FY20 est. revenue of 282.15 million (based on p.18 Investor Presentation FY18 Full Year Results - a further step change in revenue and earnings) I used 35% as FY18 increase was 69% step change. NPAT 11 million???

With a P/E of 12 the share price should be about 90c (28% increase from today)