OTCPK:EUCTF - Post by User
Comment by
zenvestingon Sep 03, 2015 10:10am
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Post# 24074897
RE:GFI valuation
RE:GFI valuationInteresting analysis, but it has a major flaw, it fails to recognize the differences in he size of the markets of the govrments that could/would be served. GFI's current clients don't even rank in the top 100 of world oil consumption, so if SIPCA could land just one contract with a top 50 oil consumption country it could be more than double all three of GFI's current clients in volumes of chemicals sold and the number of outlets served logistically.
So more important than the number of new clients is the size of the new clients, I would be much happier for them to get one contract with a top 10 country han for them to get a dozen more contracts with under 100 countries:
https://en.wikipedia.org/wiki/List_of_countries_by_oil_consumption