In my view, ATM is also a bubble on the market just like Xero. I wouldn't buy into it unless it is below 20c. As with any bubble, it may take an awful long time to drop to the actual value it is. But it is just not worth the high risk of bursting!
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In my view, ATM is also a bubble on the market just like Xero. I wouldn't buy into it unless it is below 20c. As with any bubble, it may take an awful long time to drop to the actual value it is. But it is just not worth the high risk of bursting!
Well done the Bowman, a superbly negative post, i think you will pick some up later today at a real discount .
Looks like 52 cents soon?
So how many of those who expressed disappointment at not getting shares at 50 cents are now lining up to buy at 50/51 cents?
As with Fonterra, I only expressed disappointment with the process. I do not know enough about either to have been interested.
I also expressed disappointment at XRO not offering a placement to small shareholders (as they have done in the past) and I am very disappointed I wont be able to buy in at $6 which is probably a lot closer to proper value than 7.75 where I sold out. If it dropped down close to $6 again, I would buy back in.
I also bought into STU at just above the placement price though I viewed that differently as that was a shareholder placement, rather than a company initiated placement as is the case with ATM, FSF, and XRO.
Plenty of volume sellers now lining up at 53 cents. I can only see small scale retail buying at 52 cents.
Question of time before one breaks rank and it's 52 cents.
My point is that too many look at the pre-placement price of 68 cents and get themselves excited at 50 cents.
The market is not that dumb and the brokers would have canvassed their client base enough to assess that the placement had to be done at 50 cents to be successful. There was never any real opportunity to make a 20% or 30% gain, post the placement.
Sparky or anyone else who got in on the placement, were you scaled back?
I picked up some more at 54 cents. If the stock drops little bit more I'm not concerned about it. When I buy something, I look at the potential future growth over the next 3 to 5 years.