RE: GS 20 Valuation £184m11 Jan 2025 14:44
Let's put out business heads on for a second and think about the cash balance for Gst.
If they didn't have much cash now I'd have expected a raise to be done, they could raise 5 to 10m following the sharp increase in share price recently, if they had done, from a long term holder's perspective, like me, i wouldn't have minded, in fact I would have welcomed one around the 2.5p mark.
The fact they haven't, strengthens my belief here that revenue since September has accelerated that much, that they've bought a company for cash and they simply don't need to raise any further cash. Now they have acquired Bake, it's assets and users, I see GS20 alone being worth over 200m soon, which is still extremely cheap for a crypto exchange.
If Semnet was pulling in contracts worth 36m before we acquired a major stake, what's it been doing since? Once it gets listed on Nasdaq, what's it going to be worth then? Could easily suggest another 200m which again is still very cheap for cyber security. Top 10 US cyber security are in the billions valuation wise.
Then on top of this we have Angra?
All 3 strands of our business are among multi billion dollar industries, and that's a fact.
Our current Mcap for all 3 of the above strands is around just 60m! That's just 20m per strand which is quite simply ridiculous.
20m per strand? I don't think so.
60m for the whole business? I don't think so.
Time to get real here and understand what's going on. Anyone telling you this is overvalued needs a straight jacket, or simply wants cheaper shares until it's too late to get them.
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