Wonder what those guru analyst smoke ...only 274 .....they must be joking
The personal trainer says 360 - that'll do me
Personal trainer might have been high on natural endorphins so lets take the mid point shall we and call it $3.17
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
PPH is at its resistance level of $1.80 If it goes higher than $1.80 it is another confirmation (broken primary trend line) that PPH reverses from bear market to bull market.
Target price is spooky.. it is at the stubborn resistance price of $2.00 that PPH couldn't crack back in Feb - March this year.
Note: - the down-sloping descending triangle line is nearly identical to the closing day primary downtrend line (not marked on the chart) so one could say it has also broken the primary trend line as well..(For the intraday TAer's the primary downtrend broke today at 1.75)
Disc Hold
EDIT:..Error on chart the Bearish FAIL should be the bullish FAIL
Personal trainer might have been high on natural endorphins so lets take the mid point shall we and call it $3.17
But guru analysts are usually 20% odd too high - so was he actually saying target likely to be $2.20 .....and he seemed to have vested interest in Push as well.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Post placement of 25 million there should be about 265 million shares on issue (give or take). They are budgeting to have ACMR @ 100 million by end of March. This equates to a market cap of about 790 Million (multiplier on revenue of about 7.9/current multiplier is 7.02 based on end of June ACMR of 65 Million) or $2.9-$3 bucks a share. A lot will depend on cash burn before year end. Ride the wave..... It is buy time at $1.80......
Post placement of 25 million there should be about 265 million shares on issue (give or take). They are budgeting to have ACMR @ 100 million by end of March. This equates to a market cap of about 790 Million (multiplier on revenue of about 7.9/current multiplier is 7.02 based on end of June ACMR of 65 Million) or $2.9-$3 bucks a share. A lot will depend on cash burn before year end. Ride the wave..... It is buy time at $1.80......
More like 273 million shares post cap raising - makes your multiplier over 8
Isn't this very high? Looking at where companies with equivalent growth and margins are trading 5 to 6 seems more realistic
Another question - as only 1/3 of Push revenues come from licensing fees (rest is variable based on throughput) is using multiples of stated ACMR the correct way anyway?
Whatever way you look at it I've come to the conclusion that that guru analyst target of $2.70 odd is about it at the moment. Betcha that is based on an assumption of Push having anything up to $1 billion of revenue in 10 years as well.
Just a few thoughts mate - I just reckon you too excited
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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