what's wilan's value for upside? "We believe no value is currently being given to upside" (cibc report posted by trollingfordollars)
Comments:
-cibc pt $10 on NAV of $5 and $5 for upside. Very conservative in my view.
-Gladios partnership with "very large, marquee companies that have thousands and thousands of patents" (q2 cc). Let's assume each such company has the patent portfolio at least 3 times larger than wilan. Skippen says that he hopes to sign 1-3 of them (cc). Let's say to sign two companies. Wilan has 3000 patents and $200m reserved for litigation purposes. To match up with this level, wilan needs to have additional $1200 m to support litigations for the patents from these two companies. ($200x3)x2=$1200m.
-Wilan must be very very confident to have this amount of money in near future to say "we're big-game hunter now" (Skippen). (from litigations and licensing?)
-The upside value should be at least $1000m or $8.2/s (1000m/122m=$8.2). Not including any impact value for signing the partnership with "very large, marquee companies".
-From this angle, I see that the PT for next 1.5 years is at least $13.2/s or more.
Good luck