RE: Mad maths...........4 Jan 2021 13:07
Chrys I agree. Here's my take fwiw:
I believe that 2021 incomes will far exceed £10m.
Skin had at least £4m for full year 2020 but I think that might be closer to £5m or £6m in reality.
I would say that Skin alone would be between £10m and £15m for 2021 with at least the 10 new clients only recently added being included for the whole year and incremental growth of Skin revenues continuing apace.
Top that up with MWG contract awards of say $150,00 pa minimum or @£100,000 (as per Great Lakes deal) x 10 or x 20 would see a further £1m-£2m butmore likely to be closer to £5m imo.
Then add the BT kit and cruise liners let's say min £5m to £10m.
All adds up to £30m.....let's say that could be +/- 25%....£22.5m v £37.5m.
If you said Mcap to income ratio was Min 4, Mcap would be £90m to £150m.