What17 Nov 2020 10:43
What profit margin do you think they would have after all costs?
33%? 50%? With a market cap of 60 million I think this is very cheap.
Say you have 1,000,000 people buying one a day for a year, imagine that revenue.
1,000,000×365 days
£1,000,000×365= £365,000,000
£365,000,000 @ 33% margin = £120,450,000
£365,000,000 @ 50% margin = £182,500,000
Now imagine uk has a population of 67, 000,000, and the world 7,000,000,000!
It looks to me like this really is a good investment.