RE: Excellent News11 Jul 2024 13:40
£40 per unit is the gross revenue to INC. Stamford used £35 to be ultra conservative.
£14m should be this years revenue. Tim states revenues will exceed £10m once again conservative.
Lets use £10m running costs of PLC £1m approx. £9m ebitda = 3.6x current m/cap too cheap.
Would say 6x is about right until we know how quickly the products fly off the shelves in September.