First Global Data Ltd FGBDF

RE:What A Bunch Of GOOFBALLS On This BB !!!

[fugazzi123]

Math is pretty simple on FGD though. Their backlog is filled until the end of 2019 and if they get their act together, cross off every item on their backlog, then they will continue to increase their revenues slowly but surely, 10% to 20% QoQ. That means they might increase their revenues 10fold the next 3,4 or 5 years. Profitable Fintech companies are valued at a revenue multiple of 10, FGD is - give or take - at 1 right now. Quick math tells you that could easily be a 100bagger within a couple of years - all of that at a pretty manageable risk since their biggest problem is that they just have a committee including an out-of-retirement interim CFO right now and no real CFO who would have been able to address that problem early enough.

With every deployment their revenues increase because every deployment generates recurring maintenance fees as well as transactional fees. Revenues will build up slowly but surely just like they have done the last six quarters. It doesn't even matter if some of that gets deferred or not, because that will be tied to certain milestones within their agreements which will be reached sooner or later.