just going over those broker reports again - price targets of 36 - 42c in 12-18mths, forecasting revenues around $22m for FY 17-18. With over 100 new sites (8300 rooms) in the sales pipeline/under negotiation, that revenue projection looks badly undercooked. A decent conversion out of that 100 would just about get us there. I dont expect the sales guys to put their feet up for the next 12 months.
SW1 End to end overview, page-61
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