Company Report
Last edited 5 years ago
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#Valuation
stale
Added 5 years ago

10 Aug 2019

Market penetration not as strong as hoped.
Currently not profitable.
FY19 guidance ARR = NZ$17.1M = AU$16.2M
Value / ARR = 10x  (very generous)
Shares on issue (fully diluted) = 231M
Company valuation =  AU$162M = 70c / share.
Looks like a good short opportunity particularly if global macroeconomics worsen and markets take a tumble.