RE: Convertible loan10 Dec 2024 10:31
Well, based on Mgt's optimistic H1 presentation, I expect a minimum of 8mln REV for 2024, enough for B/E.
I recall - I think from 2022 RNSs - that Mgt put a figure of £10mln on purely-Indian revenues, after licensing, so this would be possible in 2025; so, with India and Saudi, we could be looking at 20mln+ REV in 2025; I guess this is why that company took options (exp in 2025) in lieu of cash, as they must have a good idea if what's expected; with a SP at 15p at Y/E2025, they'd make £500k from the options (conservatively IMO).
I stand to be corrected, of course but we will know quite soon whether B/E has been reached for 2024. GLA