Again following the directors has been fruitful with burgerfuel closing last night at $1.10, IPO subscribers are now also in the money.
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ON such small volumn though. Even if you wanted to throw some play money at it, say $5k, how much would that push up the share price.
Maybe once they get profitable, the founders will offload some of their shares and create a bit more liquidity. That will probably just sink the share-price unless they get some retail support which is unlikely unless one of the small funds like Milford or Pie gets interested.
Their share price is going up like there is no tomorrow! And the PE has reached 87. People obviously think this company is going somewhere! I quite like their business model but will wait another year or two to see if they can continue to improve operationally and financially before buying in.
Any idea when the annual report will be released?
Thankyou, I look forward to it!
Results out https://nzx.com/files/attachments/176676.pdf
Good result, with growth in the Middle East and promising to see possible expansion into Australia. If they keep going like this, world domination will be next
No (that includes my investing company). An associated party does which is why I am interested.
I did look to get in a while back (at about $1) but the market was so illiquid, I would have raised the shareprice 20c just to buy $5k worth so I stayed out. This is still an issue with a free float of only ~15% from memory. Milford was only able to get in as it bought a parcel from the major shareholder.