RE: Valuation/FDA9 Feb 2021 10:44
The companies quoted are NOT peers to Angle - they are companies much further down the road with actual revenue / profits. There tech may or may not be as good, but it is, as we speak, more commercially successful.
Consider me biased as I have sold some of my holding, but there is risk here.
It is not guaranteed to go up at all when FDA approval is announced. Ever head of "sell the news"?
Angle has a great product, and I think it has a high chance of success, but lets be sensible - nothing is guaranteed.
It is a one product company. A good solid product, but there is inherent risk in this.
It has had a good run and is now valued at £200 Million. Is potential success factored in here? And is the discount enough to cover the risk of failure? It's not easy to do the maths with a start-up, as there is lots of guess work on market size, market penetration etc.. etc.. Each to their own, but there seems to be a lot of people thinking this is a one way ticket to riches. Please be sensible.