What am I missing?23 Jan 2022 21:08
I'm confused. There are over 36 billion shares outstanding.
Assuming the company suddenly did well and achieved many goals, got some clients on board, loads of contracts etc.
Let's assume several 10s of millions worth of contracts annually. Let's say 50 million of annually recurring revenue by 2023. Obviously a big, big increase from their current lack of revenue.
Using 6X PE, SYME ends up being valued at 300 million.
With their 36 billion shares outstanding, the SP could be expected at a push to reach around 0.008.
Am I missing something? What's the expected valuation after several contract wins?
Not being an arse, just really curious as to how this is gonna be a money maker.
If the SP reached 2p, at their current 36 billion shares, the company would need to be valued at 720 million to reach such a feat.
I'm probably missing something and would like to hear the details from those more in the know. But from the outset, the company seems to have ****ed its shareholders
Thanks.