Gearing up...15 Jun 2020 13:11
...for world domination?
Such a large placing sure looks scary at first glance but are Feedback gearing up for explosive growth?
Currently Bleepa sits in two health authorities and probably has no more than 500 or so users.
Yearly that will bring in 500 x £10 x 12 mths = £60k. Certainly not enough to get a £5 mil plus placing off the ground.
But what if Feedback grab 5% of NHS usage a year down the line. The UK has 150,000 doctors and 320,000 nurses.
Then they would have 23,500 x £10 x 12 = £2.82 million a year.
And they talk about the rest of the world in the RNS. 10-15 mil doctors and nursing staff at NHS levels means another 21.3 - 32.0 mil users.
Say they grab 0.5% world market share to start - 50,000 doctors and 106,500 nursing staff.
156,500 x £10 x 12 = £18.78 mil.
That's £21.6 mil a year total. PE ratio of 20 for a growth company maybe - £432 mil.
Not a bad future scenario for a £10 mil company after placing.
Just a bit of whimsy on a warm, sunny day.
Let's see where the price goes from here if the board don't go silly with the cash.