Tuesday, September 13, 2016 1:20:36 PM
SIM.V/SIMFF - seems like the time to buy...
..been following Bob posting on this for a year. It's basically never been cheaper, the last PP was at $.34 with $.50 warrants for two years and now trading at $.24 which is support since if became liquid trading on the TSXV. All amounts below are in $CAD and reference TSXV pricing.
The share price and the revenue growth chart are inverse as of late so it just makes sense to take a position. In 2016 they are tracking roughly for $10M of revenue again based on Q2 results, so flat year-over-year. I am not sure if the bump to $14M in the bottom pic below from their presentation is due the string of recent sales results resulting in strong Q3/Q4 sales or it is a $4M bump from the recent Signifi acquisition they just closed. They didn't pay a lot for Signifi ($350k cash over 2 years, 4.5M shares over 3 years) so I am hoping it is the former in which case Siyata should go higher when results out!
They hit $4.7M sales in the first 6 months so in order to hit $14M for the year they need to average $4.5M/quarter for Q3/Q4 or $9M for H2-16, a double and a higher share price...
If they hat a $14M/year run rate then they are trading at 0.6X sales as current market cap is $9M.
..been following Bob posting on this for a year. It's basically never been cheaper, the last PP was at $.34 with $.50 warrants for two years and now trading at $.24 which is support since if became liquid trading on the TSXV. All amounts below are in $CAD and reference TSXV pricing.
The share price and the revenue growth chart are inverse as of late so it just makes sense to take a position. In 2016 they are tracking roughly for $10M of revenue again based on Q2 results, so flat year-over-year. I am not sure if the bump to $14M in the bottom pic below from their presentation is due the string of recent sales results resulting in strong Q3/Q4 sales or it is a $4M bump from the recent Signifi acquisition they just closed. They didn't pay a lot for Signifi ($350k cash over 2 years, 4.5M shares over 3 years) so I am hoping it is the former in which case Siyata should go higher when results out!
They hit $4.7M sales in the first 6 months so in order to hit $14M for the year they need to average $4.5M/quarter for Q3/Q4 or $9M for H2-16, a double and a higher share price...
If they hat a $14M/year run rate then they are trading at 0.6X sales as current market cap is $9M.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
