Post by
Junit on Oct 30, 2013 5:25pm
Most important post of the day and why we are headed higher!
1) I want to breakdown the first quarter record results... 1.8 million in revenue and only a $34,000 loss on the quarter. Just miles ahead of where this company has been for the last 5 years where losses were in the millions. Now take into consideration that on the call they discussed how expenses have stabilized going forward.
So it's fair to assume that break even for the year is now 4 x $1,834,000. which equals $7,333,600.
If you apply that to last years total revenue of $9,800,000 you end up with a profit of $2,464,000.
Did you see that number? $2,464,000 in today's tech markets a company like tng with dramatic revenue growth and being the leader in smart t.v gaming it's fair to use a price to earnings ratio of 40..... 40 x 2,464,000 equals $98,560,000 market cap. Or $1.15 per share based on 85,404,405 shares outstanding. Like I have said before if we were listed state side on the nasdaq the stock would already be trading much much higher. The amount of investors that actually follow this space in Canada is limited to about 10 people(exaggeration but not that far off) So it takes time.
I also wanted to say in 12 years of following companies on the venture exchange I have never seen a company with as much potential as tng.v. With each new deal we are landing millions of users. On the call they talked about how we are now on 100 million devices!! We are flat out the leader in this space for the entire world and have a market cap of around 10 million. It just truly blows my mind. For now I can just keep smiling and be thankful for the chance to keep building my position at these absolutely ridiculous cheap prices. Cheers to all the longs! By the end of the year I have a feeling we are all going to be smiling as this company reports it's first ever net profit in 15 years! Just my honest opinion, Rory
no investment advice intended, just my thoughts on what's going on here!