RE: Don't fall into the hands of the MM's24 Jun 2020 08:50
PSmith, I 'm fairly certain the business will be making a lot of revenue in the next few years, but 1.3 billion market cap is ridiculous for a business that is only making 5 million. Even if they make 50 million next year, the market cap is way too high - and the SP will go to 450p. A lot of money to be made, though, so enjoy the ride, I know I will, but be wary that the SP could sink to a more reasonable level.
TPG has a market cap of 60mil, making 60 million revenue, the SP is 8p. That is undervalued by some margin. Market cap at 180 million would be perfectly reasonable for that share. I've increased my position there.