ATC 4.05% 7.1¢ 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
7.1¢
Change
-0.003(4.05%)
Mkt cap ! $105.5M
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7.4¢ 7.4¢ 7.0¢ $45.4K 634.0K

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7.2¢ 19230 1
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Last trade - 15.06pm 17/08/2022 (20 minute delay) ?
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Last
7.2¢
  Change
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7.4¢ 7.4¢ 7.0¢ 323224
Last updated 15.21pm 17/08/2022 (live) ?
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