RE: Stt is going to have a field day..29 Jan 2025 09:36
I think most readers on here accepted that underlying revenues would be lower on 25 as Mo stated that they are finding it hard to get all the pipeline over the line. £58m underlying revenues could easily be in excess of £66m if the recent LOI converts into a contract and that makes us £80m for the year. Don’t forget that Stt1 kept forecasting a decline in year end cash which has risen to £44m . So we currently have a market cap of £90m (after deducting cash) on a 2024 EBITDA of £16m rising up to £20m + by next year - too cheap (ignore sales to market cap ratios as sales are vanity)