1.30 is way too low, a quality SaaS company like this should trade on 5x revenue. NZ institutions being fools again.
Plenty of upside from here.
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1.30 is way too low, a quality SaaS company like this should trade on 5x revenue. NZ institutions being fools again.
Plenty of upside from here.
Wonder if the depth get cleared before trading restarted
Seems odd punters were selling at basically yesterdays close and it took a while for price to get 110/120
ASX opened at 113 ..they were on the ball
I’d say a few unhappy selling so cheap first thing this morning ….but heck well done if any of you guys got in and collected the giveaways.
Well I sold. Sold em at $1.25 and happy with that. Coulda woulda shoulda held on for more... happy to take the money and have done well enough to leave smiling and sleep well tonight. That's what its all about
Extremely cheap offer for the acquisition of a world class tech firm, but thats the cut-throat factor of the stock market the minute you fall behind on growth, margins or profits you sink to the bottom of the valuation ladder and the beauty of it is that the minute you turn these factors around its worth a million times more and thats where the real money is made. Currently its a good time to shop for undervalued companies to hold till when interest rates drop and the economics wheel of progress starts spinning again.
Congratulations for the ones who saw ERD trading at a extremely low multiple and took action, you made some extremely good returns buying at the bottom. I feel like the offer will be rejected merely because its too cheap, maybe a revised offer of $1.60 might get it over the line, still pretty cheap mind you for what the companies achieved and would be worth in the future.
I bid to take out the depth up to 87 as soon as I read the SPH announcement (and stood ready to edit my bids as necessary pre open) but then the trading halt until Monday or earlier announcement was requested by ERD. For some reason Jarden had kept my orders off-market until then although they were limit orders. I didn't really expect that halt to be lifted today and as I was fully committed/unavailable after about 11.00am I thought it prudent to cancel my orders around then. Unfortunately, it seems the halt was lifted just after midday and some comments on this forum indicate there may have been some initial trading at or under that price at that point? If so, an unfortunate outcome for me. But a happy holder otherwise. And much better placed in peeters 2023 competition now!