Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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OK thanks would make sense now it's established and revenue generative
Yes. Was discussed on capital markets day and communicated that was definitely and option they were looking at
Would appreciate views from guys who seem well informed with regards to this Company. Have FW openly admitted ambitions to float on NASDAQ or is this just standard job description script for that role? Thanks in advance
Well If that’s the case, this will be at least a 10-bagger from the current price.
Fab!
Last year tech ipo’s on the Nasdaq averaged 23.9 times their last 12 months’ revenue. That is a fact my friend. So take a conservative 10x and you have your $billion company
Fed would be floated on the Nasdaq and 10-20 x revenue valuations are common. That really is how it’s done. I hope orbital follow the same route. They also are projecting high double digit revenue next year so the same would apply for them.
Hello All,
good to read all the posts today - and a great find from you Fisken regarding the FED CFO position.
I'd have to agree with you Agricore with regards P/S. I think 60p is realistic and achievable.
My B/e is 36p so 60p would be good result for me personally. And I freely admit I've said this before but Federated is the only reason I've stayed invested (and optimistic) here. I think there's excellent scope for robust recurring revenues.
Good luck all, and yes - hopefully the patient investor will be rewarded.
Hi Pablo, I think 10-20x price-to-sales is way above what's achievable. But if we take a more realistic 2x P/S ratio then the read across uplift in value is 215% ($200m/$92.7m) of the last funding round and the read across value for us Allied Minds shareholders is 28p x 2.15 = 60p per share.
I'd be more than happy with that, and there's similar prospects for uplifts on their other holdings too. I mentioned earlier on today the 1.35p per share buybacks..... but the bigger implication is that the Board have told us that they've assessed the cash requirements of their portfolio and are happy that $3m is surplus - i.e. the portfolio can self fund (or I suppose we are happy to dilute our percentage in future funding rounds). I take this to mean that they have a trajectory and I find that very encouraging.
The patient investor will hopefully be rewarded.
If they hit the 100m target revenue over the next year then it floats and 10-20x revenue. That makes it a billion dollar company and based on fed alone valuation over 6x current sp.
That’s a great spot. Federated Wireless’ IPO should comfortably cover the current share price and provide a 40% upside to the current price
orbital sidekick has a strong proposition and very very timely in a world with both wildfires and emissions concern. One can imagine us governmental support for the technology.
Today’s buy back is equivalent of about 1.35p per share and is 20% of the last reported cash balance
Interesting that Fed Wireless are looking for a CFO with experience of preparing company for IPO:
https://federatedwireless.com/careers-detail/?gh_jid=5325092002
Glad I’m on the sidelines for now, surely the share buyback is too little too late, even for this shower of Bored Members, excuse the pun. Hope to rejoin if price allows, sorry for the rest of you who stuck with the storyline, the truth is that Bad Management will ultimately be the difference between failure and success and this lot will need years of hard work to achieve bad management status.