You can do better than that
Plexure after a Chief Financial Officer - I'm sure you could do that
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WINZ dont pay me nought, Im a brikie is I
https://www.google.co.nz/url?url=htt...Hki1z3SIjRGndg
Baabaa, you deleted your post on another thread re PLX trading at unrealistic multiples
It seems that revenue multiples for SaaS companies are shrinking. I saw one comment that for a company the size of PLX with its current run rate 3.5 to 4.5 times is the going rate
On March numbers PLX about 5 times, so roll on a few months maybe 30 cents for PLX is about right.
Just an observation
I hope klid doesn't change the code on stockastic though
What a shocker to open the site and see 'PleXXXure' headlined!
Bad bad choice for a name if ever there was one.
You need to look at growth as well. Xero is trading on about 10 which was validated when Netsuite was purchased by Oracle at a similar multiple even though it had a lower growth rate.
PLX is still growing at 100% isn't it in which case a multiple above 5 is justified (if you think it will keep growing fast).
Not relevant to use March figures imo, if you use the September guidance of $10m ACMR today's SP at $0.30 equates to lowly 2.8x ACMR multiple, which is just over half the value of a conservative 5x multiple which would put the SP at $0.55 so currently trading at around 45% discount. Great value, good time to accumulate.
Market update is out: https://nzx.com/files/attachments/240564.pdf
"We currently anticipate that the projected $10m of ACMR is more likely to be achieved by the end of the fourth calendar quarter, rather than the end of September 2016 as advised in the market update of 13 April 2016 ,” said Plexure Chairman Phil Norman.