RE: £127.5k trade2 Dec 2020 13:46
they have got recurring revenue of c£34m for next year. Broker is expecting a £6m EBITDA on that. They have a pipeline of c£16m for PS core and £84 (total contract value) for cloud telephony. If they can even win 10% of this work, they can add c£6m-£10m to their revenue and c£4m-£5m to EBITDA. Based on a £6m EBITDA, the FV should be £60m market cap, however a £10m EBITDA should take it to £100m market cap minimum. They are hiring for 27 positions right now, how fair is it to assume that their sales people will not be able to add any business next year? that is silly.