Late sale...18 May 2017 13:00
cc if your happy seeing the bid inching up to 6.95 from 6.90 (noone taken 6.95) so be it. Personally as I have said before its immaterial in the grand scheme of Sphere. Having spent £60m+ over the years (equates to c 42pps) as a straight across read at latest diluted no that's a lot of potatoes to recover! Of course it's very unlikely we will ever get that/(cash) back.... well not in my lifetime but a mrkt cap of £60m?....
You would have to be a truly optimistic investor to think we'd ever be worth that, to do so we would have to have sales off the scale of the most optimistic estimates, I'd suggest at least 50% of the bgm market in Europe. It's possible but relistically not for a long time and our independence may be past its sell by date by then.
Short term it's sales of c £1-5m
through '17-19 which at the upper est might be break-even by '19-20?
What share price then? We're forecasted to lose c £5.7m this year
even after a funding round of say £10m, we will be £3.3m in the hole and more than double that in '18. If P really takes off those nos could be redundant in a jiffy. A lot needs to go right, fingers crossed they do!