RE: Should I buy more?16 Nov 2020 20:12
Lets say they discount it 50% to NHS. Then of that we get 50% margin. 60m a year, discounted to 30m, 15m profit. Add in all the masks the german firm will sell. Lets call it a round £20m.
A very basic p/e of x5 is £100m. This is all *very * bottom level cautious estimations
Then you can scale in ontop the fact they will almost certainly buy another machine for Nottingham.
So a mcap 100m plus is easily achieved. Ignoring anything else they sell that isn't mask related.
For perspective ncyt is around 14 x pe multiple.
Which on a like for like would value this at 280m using my example