So i was doing a few estimates here, and here's what i've come up with:
Contract for 15 screens in QLD: $1.8M Capex
Contract for 32 screens in MLB: $3.5M Capex
Number of shares on issue post capital raising: ~1.65B
Current Market cap: $7M
Approximate NPAT required to justify an XTD share price of $0.02:
With 1.65B shares outstanding, a share price of $0.02 would equal a market cap of $33M. Assuming 20 times earnings, NPAT would need to be $1.65M to justify a share price of $0.02.
What do you guys think? How long could it be until we get some sort of ballpark figure with regards to prospective earnings for XTD? I was just wondering what you guys would expect revenues or EBIT to be approximately post capital raising, once the screens are in place and the company starts to really get going?
Cheers!
XTD Price at posting:
1.7¢ Sentiment: Hold Disclosure: Not Held