Snipp Interactive Inc V.SPN

PARADIGM INITIATES COVERAGE OF SNIPF CONTINUED

[Bindytrade]

How did they get a .30 price target:

We are initiating coverage of SNIPP with a Buy rating and C$0.30 target. We value the company using an EV/2023e revenue multiple of 2.0x and a DCF. Our DCF utilizes a WACC of 12.0% and a terminal exit multiple of 12x. Given its investment into growth and prioritizing the top line above profitability, we do not view utilizing an EBITDA multiple as appropriate at this point. Our comparable group consists of loyalty and marketing software providers, consumer analytics and advertising agencies. The group trades at an average 1.9x EV/2023e revenue while SNIPP trades at 1.1x. Current levels offer an attractive entry point into a marketing technology firm capitalizing on several opportunities in the multi-billion-dollar marketing space, leveraging consumer data at its core to help solve marketing challenges faced by some of the biggest brands in world.

[stockpickerone!]

did this come out before the Ballys deal? surely this is low

[donlin2]

Also interesting..................Paradigm in Canada initates coverage on the US ...SNIPF, not SPN or both.  I guess this is good stuff but ......... time will time.     Surprised at the 30 cent target also especially when Atul threw out 50 cents a while back in one of his interviews.  Hopefully it was released  before the Bally deal.

[donlin2]

Bindytrade.............could you provide Paradigm's coverage link.    I can't find anything current.   Paradigm initated a triple but that was back a few years ago.     That's probably where the 30 cent target came from.   

[OPENHEIMER]

Massive dilution, considering between Gambit and Bally, they have issued over 45,000,000 shares in a  few months, and if the revenue does not grow 30-40%, the earnings per share will not grow, ( now with more shares ) and neither will the stock.  That's why we are floundering at CAD $ 0.21, and market not impressed, despite all this supposed good news. All these annalists, have no

[Maggs]

Whatever Paradigm is spewing in their research report is nothing but garbage. Nothing useful comes from these parasites. They are just looking for some relevance by latching on to the only real company out there who is knocking it out of the park.  Snipp is doing a fantastic job of growing their company revenues and their market share. The partners and clients they have are the best of the

[stockpickerone!]

Hmm let's see. They are growing 40%+ ALREADY! Have you been sleeping!?  Hmm a "strategic" just invested at a 40%+ premium. Which if your companies got that type of investment. Let me say that again - a 40%+ premium.  you investors here are just completely delusional 

[OPENHEIMER]

You don't have be be a smarty pants with the way you write e-mails and think you you know everything. Problem is your intelligence is limited to understand what I wrote. I have a large stock position in this company and hope they can get it together to proper the stock, to the levels it traded in Feb.2015, when it was over $ 0.90 CAD.  This is what I care, and regardless of the moves they

[stockpickerone!]

It's 2022. If you still own a stock you bought at $0.90 - 7 years back that dipped as low to 0.01 from the time you bought it - well maybe visit your ABC's again! EPS can change in a heartbeat with Penny's. A simple reverse...