Seems to have settled down at $1.13 - at least for the time being.
I was also one (of many, it appears!) who topped up yesterday at $1.10.
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Seems to have settled down at $1.13 - at least for the time being.
I was also one (of many, it appears!) who topped up yesterday at $1.10.
Their balance sheet was a mess back in 2014/5 and the IPO process was nearly 3 years in gestation. Who knows, maybe some of that "trash talk" might have had a small part to play in encouraging the company to purge its balance sheet prior to listing... Nonetheless the record shows I bought at 81 cps. Kudos to those like you that took the punt at the IPO price but there was extra risk with that strategy so you earned your slight extra return in my opinion. The record now shows the IPO projections were not the figment of PE imagination which de-risks the stock significantly further in my opinion.
Taking into account developments since listing I think the shares are at least as good value now , probably slightly better, as they were when they listed on a risk and forward earnings adjusted basis. The forward PE looks to be about the same as when it listed and the company now has a track record of doing what it says its going to do, therefore simple logic suggests this is better value than the projections from a brand new listing.
A very high degree of skepticism in regard to forecast results should be applied to all new listings (stood me in good stead over the years) in my opinion especially those floated by Private Equity. Now that uncertainty has been removed a prudent risk averse investor might like to increase their invested position like I have today.
Not too late for people to be in at close to the ground floor in my opinion. $2 should be easily achievable within 3-4 years in my opinion.
Fair enough 83 cents it was, memory isn't always exact. Done okay but not as well as topping up SUM other company around the same time at just on $5 :)
It's a bit tiring when people are so gleeful
The price is going up everyday and they are rubbing it in
It's just fun to watch the shenanigans of it all, trying to make sense of it. Just like watching a good chess game.
After this morning's result there is no worrying (but there was a little bit of thinking). This puppy is on its way for loads of years to come, absolutely no doubt about that.
WOW $1.10 trading cum a 2.6 cent divvy after that result and with that outlook. Opportunity knocks !