RE: Looking like target £1421 Jun 2021 14:50
This is what Arborman said back in January.....
"Q4 2020 revenue of $8.5m is a 30% increase over Q3 2020 revenue of $6.5m
And in Q4 the loss was $200,000
So if we push those figures over 12 months then we get income of $34m and costs of $35m, so if in FY 2021 BOOMs income was $40m they would make about $5m profit.
With a P/E of 20 that will value the company at $100m or £4.70 a share
These projection figures are quite modest IMHO, so if FY 2021 income was $50m with a P/E of 20 we would be looking at about £14 a share
This is just a projection based on today’s RNS figures, all very much IMHO, so please DYOR
All the best Boomers
Ax"