Since 2014, there have been four stock splits, and out of four, on three occasions, the stock price was trading in the double digits except in 2020 when it was around 850p. After the split, in almost all instances (except in 2020), within 2 to 3 years, the share price reached double figures. So, if you invest 15k today at current price, it will have 100k by 2024. I know it is not that much simple, however, based on the stock history I strongly believe It is possible.
A few nuggets from the discussions between Davis Guyatt (CEO) and Shareholders after the AGM yesterday: * The state of Osirium’s balance sheet has not deterred customers from doing business with them * Osirium does not ever have problems with bad debtors * The BOD are looking at other methods of financing the business, not just through issue of additional equity (invoice financing was mentioned as an example) * Contract length is either one year or three years, some customers have been paying for a 3 year subscription up front * Renewal rates for contracts are around 95% * In a few years from now, the company is likely to end up being sold in a trade sale, the CEO has a good track record building tech companies then exiting from a trade sale (most notably MIMEsweeper) * Over 80% of sales are made through channel partners, the channel partner may take 10 – 30% from the sale, but it involves little or no resource from Osirium. * Signing up with a major new Channel partner in (say) the US should be seen as potentially very good news, even though it may not trigger an RNS. The two big players in Privileged Access Management (PAM) are `both US based, one of which is is Beyond Trust which is owned and funded by Private Equity https://www.beyondtrust.com/ The other company is Cyberark with is quoted on Nasdaq, with a market cap of around $6bn and annual sales of around $460m .