RE: Nothing short of a short term disaster!20 Jul 2022 00:26
Bagzzz, I think you’re being a tad pessimistic. Everybody knows research notes are to be taken with a large dose of salt. Also, you forgot to mention that “£20mil this YE, £51mil YE23, £128mil YE25 and £215mil YE26” (Total £414m over next 4 years) implied a share price of 120p. If you strip out Aldebaron’s revenue of £42m from that total, it still leaves expected revenue of £372m over the next 4 years, which implies a reduced SP target still well above 100p. Ok, you could argue that Aldebaron would have accelerated the revenue stream by more than the guaranteed £42m in the next 4 years, but you see where I’m coming from. In any case, I think the company will mitigate the Aldebaron loss of revenue (and more) from other quarters.
CJ has basically paid off Aldebaron out of his own money, so not sure what you mean by “The 38mil shares to Aldebaron…WTF!!”. It doesn’t represent a dilution, since Chris is forgoing his own ‘options’, so no harm done on that front. That said, I’ll be interested to find out why the company felt the need to compensate Aldebaron at all.
The 3500 subscribers are from the 2000 schools enrolled to date. There’s another 68,000 schools to go at, which would become 122,500 subscribers potentially. The roll out to schools has been in it’s infancy up to know, but with staff now in place “user numbers are increasing rapidly across the platform” – to quote CJ. And, as has been said, these numbers only represent the NISA side of the business.
It is worth reading that research note again – thanks for posting. There’s so much more going on with the company than just the Aldebaron deal. For instance, to quote from the research note:
“DEV recently confirmed phase 2 rollout of its career guidance and learning platform to the 5,930 Common Service Centre Academies (CSCA) in India with 2.6m students. DEV will receive an onboarding fee, and annual SaaS subscription fee for each of the 2.6m students, which is paid by the CSCA.”
We’ve still got phase 3 to come, which is 350,000 academies, representing heaven knows how many students.
Also, remember this one that went a bit under the radar, public schools in addition to private schools!
“DEV secured its first contract in India worth $1.5m to implement its immersive career guidance and virtual educational library at schools under central and state government control in India. DEV also took its first step into India’s large public-school sector with a new pilot, wherein it will deploy its platform and virtual reality learning services in 1,248 central government Kendriya Vidyalayas (KV). Successful DEV pilots can open up the remaining 1.1m Indian public schools.”
Cheer up pal, there’s a staggering amount of potential out there for Dev Clever.
Sign In
Follow the stocks
