Mar. 13 at 6:29 AM
$DPLS let’s say, for a quick test, all this is true.
They have won one contract … fuck it let’s be optimistic and say they win 10 for design, supply, install and maintenance.
For which you need a substantial operations team, which we are fairly sure they do not have.
However, let’s carry on.
With 10 contracts most optimistic outcome would be
$50M of revenue over say 3 years. So around €17m pa and maybe an EBITDA of 15%. Being super optimistic.
This would be at very very very best a nice little privately owned specialist contractor.
Not a listed company providing returns to vast numbers of completely pissed shareholders.
Every time we read these it looks more like a satirical account !
🧐🧐
