Back of envelope29 Mar 2022 10:13
Back of envelope valuation for the full year:
£10m turnover
£4.5m GM
£3.5m - £4m overhead
£0.5m - £1m profit
Valuation range:
10x £0.5m = £5m mcap (3p / share)
20x £1.0m = £20m mcap (10p / share)
(Compared to current price of 1.7p)
Of course, they might continue to bumble along at breakeven like they have for the past few decades. But, you never know, decent profit for the first time ever seems quite possible and would likely see a many-fold increase in the share price, once someone actually noticed ...