Thread by @Glasshalfull1

THREAD
1/...Updated my #SMRT forecasts after Friday’s bullish t/s. My current valuation rises from 85p to 104p...double current shareprice. I’ve attempted to be conservative, modelling base case values across the board & attributing NIL to the new exciting @softcat agreement👇🏻

2/...#SMRT are operating in a sweet spot with their @swipedon & @spaceconnected visitor management solutions seeing increased demand due to the level of increased #ContactTracing policies worldwide👇🏻with their model offering Annual Recurring SaaS revenues

3/...#SMRT have also created the software suite for the new @Evoko NASO room booking system. EVOKO have a pre-installed base of 400,000 panels & the Feb 20 launch spoke of £30m TAM with 1st sales in Sept 20...& further SaaS revenue stream via @YouTube

4/... #SMRT have also rolled out an Enterprise solution called “Workplace”👇🏻& secured several global clients such as Standard Chartered Bank & UBM. In Friday’s RNS they confirmed increased traction, announcing deals with an International Law Firm & Major International News Agency

5/...alongside this SmartSpace announced a major D.A. with @softcat who have a 9,500 customer base & are targeting 40-50k customers in the UK&I. They have a fantastic track-record of building sales for their client base...& fingers crossed🤞🏻the relationship with #SMRT blossoms.

6/ ... Remember I’m talking my own book. #SMRT has fantastic potential & great opp to grow ARR across each Division. I rate Frank Beechinor, CEO highly. He was Chairman #DOTD where I invested in 2012. It was a multibagger for me BUT I sold far too early😖 uk.advfn.com/common/tweeted…

7/ ... #SMRT £14m m/cap is 50% lower than my £29m valuation. Brokers agree, indicating the company is proving to be a “COVID beneficiary” & also that, “Space Connect & SwipedOn could be be worth considerably more than the current market cap.”

Disclosure : I hold a large position

@threadreaderapp unroll