RE: See what TRD is about... A mother of online blockchain solution18 Feb 2021 05:06
TRD has cash of over £4M, and a traditional business, that should make £2M profit in the year March 21-22.
What investors need to understand is the Blockchain Partnership is in for free.
I estimate in the current climate, each £1M of recurring blockchain revenue will be valued by the city on a growth PE of 60.
For TRD to have a billion pound valuation , (50 times today’s share price ) , profits of just £20M are required.
To put this in prospective Stratis TRD”S partner is forecast to gain a 5% blockchain as a service market share.
That would be Billions of revenues, not a poxy £20M