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The exciting part is the £4mio sales pipeline now that we own 100% of Acuity and its current revenues of almost £2mio pa.
MCap only £6m
This is the time to buy, won’t be many cheap shares left sub 10p soon
10 bagger from here if you have patience
Great sector to be in, amazing deal Angus has got over the line
So, folks here consider this to be a 10-bagger. In order to make such a forecast, you presumably can answer the following:
* In what time frame will this become a £70M company?
* What level of sales do you expect from Acuity in order to reach that market cap? New/repeat?
* What margin do you expect on those sales after accounting for development / sales / marketing costs?
* What is the fixed cost for Acuity & the rest of Drumz?
* What are the relevant numbers at the point of acquisition?
* What multiples of sales / profits are you using to get that valuation, and using which companies as comparators?
* If the potential is that great, why has the Acuity done so poorly over the 15 years it has been in existence?
* Why did the vendors sell out?
* Have you looked at the competition within this sector, and how much they spend to achieve market share?
* Do you have any practical business experience in this sector?
Just asking for a friend.
Research their website, look at the annual results released last week and have a listen ton the Sunday roast interview from Sunday 21st with Kerry Chambers COO and listen to the coverage for yesterday
It’s my view, I have just over 4% of the share register
5 individuals have over 50% which means only 60m shares on the open market
No debt or CLN’s / warrants and £1m in the bank and revenue creative
MCap was £4.5m with 25% acuity ownership and now £6m MCap with 100% acuity ownership and £1m in the bank
I will let others decide on the valuation and how they value it
10 times multiplier
Can see it getting taken over in the future
Gartner rate this highly in their peer groups and having had an account with them I fully understand it
I may be wrong, but think this is my next big multi bagger
I bought 8% of PXEN at 2/3p when nobody wanted it so let’s see
GLA
Keith, It was a private company and to exploit and max its potential and reach it needs a listing.
Drum owned 25% and now have 100%
The owners have not sold out they are now 2 of the largest shareholders
@theyknowitall. I'm a serious investor, so already done all you suggested before I posted, looked through all the accounts, news releases, etc. Lots of talk, absolutely no substance. Your reply suggests that you agree that there is no serious research that can be done on this company - no hard numbers are available anywhere - red flag #1. The fact that they could only raise money at a 33% discount is another red flag. They have a horrendous performance from real estate investment, which is hardly a reassuring background for a move into a totally unrelated area. I can't see anything to suggest that this is anything other than a blind gamble, and you have not been able to allay that concern, so good luck with your holding.
Keith, if they could off load the property side I am sure they would, easier said than done
This is about what’s going to happen not what’s happened
Keep it on your watch list is all I would say
As I said I haven’t invested £300k on a gamble