ATC 14.5% 8.7¢ altech chemicals ltd

ATC valuation exercise

  1. 406 Posts.
    Data announced :
    Ordinary shares - 82M + 37.5M restricted.
    Options - 17.5M out of which 5M exercisable at 90c 22/1/03 n 5M at $1.90 22/1/03 + 2.5M at 30c 31/5/05 .
    New options seeking s/h approval 7.6M to Mark Stewart. 2.7M to John Mittens .
    Possible new share issue -30M shares .
    All the above allude to a serious capital dilution .
    Let's assume -for the sake of the exercise - a capital of only 120M ordinary shares in the near future .
    Sales expected n current :
    1. 16-20M minutes a month = top 240M minutes p.a
    2. $2M per Q = $ 8M p.a
    Now . to be on the safe side I would use a growth rate of 40% which suggests $11M sales per annum ( = 4.5c per minute ! China to Europe n vice versa phone calls ).

    Now , let's assume a NPAT of 10% = $1.1M Propfit after tax, interest depreciation and the lot .Devide it by 120M shares .This suggest an EPS of 0.9c ( fractionally under 1.0c per share ) . At latest 37c share price, it is trading on next year prospective price earning ratio ( PER ) of 41 .
    There are cheaper tech/hitech stocks right now but at least ATC suggests a turnaround to sales and apparent profitability . We hold no position in ATC .
    Happy trading duff646
 
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Last
8.7¢
Change
0.011(14.5%)
Mkt cap ! $70.41M
Open High Low Value Volume
7.7¢ 8.7¢ 7.5¢ $303.6K 3.629M

Buyers (Bids)

No. Vol. Price($)
1 12418 8.3¢
 

Sellers (Offers)

Price($) Vol. No.
8.7¢ 49983 1
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Last trade - 16.10pm 24/01/2020 (20 minute delay) ?
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Last
8.4¢
  Change
0.011 ( 10.5 %)
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7.4¢ 8.8¢ 7.4¢ 483297
Last updated 15.58pm 24/01/2020 (live) ?
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