RE:RE:Target price?Hi Flamingo,
I would have to say I think so too.
Givex launched on the TSX (via a SPAC) at a buck in late 2021.
Granted they got the timing spot on, but Turnover has grown in the interim from CAD$ 55M to a likely 84M in 2023 - (I'm extrapolating their 9 month YOY Growth of 13% to 12 months)
So that's 50% Growth, which on simplistic math would point toward CAD $ 1.50.
Given that I've always regarded Givex as a likely acquisition target - I think the latter number is more than achievable.
Does anyone have a read of price multiples paid recently in this particular sector?
Harry.