Potential6 Nov 2021 08:43
As discussed, this sector ( Giving Global governmental Investment & Support), and a CEO who’s invested £500K into the Company are 2 good reasons to have some faith in the future here.
With an MCap of £3.5M and only 15M shares in issue this little Company could 10 bag on a decent contract or 2, for starters.
This isn’t a ramp because I’ve invested in a number of Companies that have multi bagged, (most recent being ARB from 6p last November, check my posting history if you wish but I made a small fortune on that.
The small share issue and potential for a few contracts around £2 Million ( not far fetched given the FIRST contract with a Government department was for £400K) would catapult this forward, revenue in 2022 at say £4M, Valuation x10 revenue MCap £40M = SP of £2.70.
Disclosure: 50000 shares at 24.5 av.
However, I look to increase to 100K shares shortly & will probably further my investment on news.