RE: 1 buy code29 Nov 2018 18:26
I've just been doing some fag packet calculations based on the number of quality leads, conversion rate and average customer value reported so far.
Based on this I see a conservative 7 bagger in 5 to 6 months - and this is being conservative! That would put the mcap, as long as no dillution in this period, still at just £10m. The thing is we don't know what the revenue will be in 6 months but we know from the half results that customers were holding back but are no longer.
It also looks like the new management is running a tight ship and lean business, with transformational cost saving in a short period of time since appointment. I do love a recovery play and this one has minimum 7 bagger in a relatively short time span written all over it.
Sorry if 7 bagger in 6 months sounds like a deramp as many are thinking TERN style 50 bagger. I think anything between 7 and 50 could happen. Anything less than 7 bagger less probable. This is risky and only for those who like a recovery play. I'm still in my initial stages of research and with this one I just dove in with my punt money. I was originally looking to trade it but have now decided to hold indefinitely for what I think will be the big money.