Post by
PriceIsRight on Jan 11, 2016 3:01pm
WHY I AM BUYING FAS? I AM BUYING AT 1X REVENUE
This stock trading at less than 1X revenue when ration of the industry is over 10X
November gross revenue was in excess of US$200,000 eclipsing October by 78%. With the growth show above we expect December to be even better with positive overlay.
Read more at https://www.stockhouse.com/news/press-releases/2015/12/08/fantasy-aces-daily-fantasy-sports-corp-provides-nba-update-announces-250-000#1YzbdiVJYjVGvAw8.99
200,000$ us revenue in November = 280 000$ can.
280 000$ per month X 12 = 3.36 m.
3.36m X 10 time = 33.6m today valuation
They forcast over 6m revenue in 2016
TODAY MARKET CAP IS 4M$
Comment by
PriceIsRight on Jan 11, 2016 4:12pm
From Beacon report - number was the same with Smallcappower report Fantasy Aces has posted strong growth in members, deposits and revenue over the past few months, despite the macro headwinds. We are forecasting Fantasy Aces to generate $551K of revenue in Q4/FY15 - with stand-alone revenue in the ~$1.5MM range for 2015, up ~500% y/y. We expect further growth in 2016 to $5.5MM.
Comment by
lscfa on Jan 11, 2016 4:53pm
Hey price, I am long the stock but want to correct you on one thing. Shares o/s is ~ 140 million when you add the 57.5 million LP partnership units that are convertible 1 for 1 into common shares.
Comment by
PriceIsRight on Jan 11, 2016 5:26pm
you're right...those share can be issue at any time to Frisina LP,,,they probably did the deal like that to avoid paying tax in US if shares was issuing in the deal. Thay why some financial site show those share was issue.