Careful please. The last few comments are practically screaming for ValueNZ to chime in with a few ripe old Buffet quotes.
We dont need that rubbish on this thread!
Got a speeding ticket shortly after listing ……but I don’t think they ever traded at listing price of $1.25
Dec 2022
The price of BPG has fallen from its $1.25 listing price on 2 December 2022 to $0.40, being the price at 2:15pm on 7 December 2022. This represents a fall of 68% over the four trading days it has been listed.
Guess 1.25 is the first hurdle to overcome then…may be they speeding ticket this time around for moving up too fast
A nice close at $1.09, looks like the market wants to run this to $1.25, which happens to be around the $65m mark. I had been doing some comparisons with Serko yesterday and they trade at a 6.5 times revenue multiple so not too farfetched the market is taking the $10m ARR and valuing BPG with a 6.5 times multiple for its ARR. If that was the case and BPG add on average $400k ARR per month, thats $2.6m market value they add each month, which is a pretty decent return. Though as they get bigger and put more resources to work I imagine the ARR increases get bigger per month over time.
A nice close at $1.09, looks like the market wants to run this to $1.25, which happens to be around the $65m mark. I had been doing some comparisons with Serko yesterday and they trade at a 6.5 times revenue multiple so not too farfetched the market is taking the $10m ARR and valuing BPG with a 6.5 times multiple for its ARR. If that was the case and BPG add on average $400k ARR per month, thats $2.6m market value they add each month, which is a pretty decent return. Though as they get bigger and put more resources to work I imagine the ARR increases get bigger per month over time.
It will be interesting times ahead. I hope this does not run up too fast, as I have a friend who wants to buy a few and is trying to gather funds together to get some. I was fortunate to buy a few thousand for my daughter at 80 cents.
Wowee. Bought at $0.81. To bank a quick profit or not?
Has that bubble type of feel doesn't it? Often people will say the sensible thing to do in these situations is sell half, or a percentage, so that your remaining inventory doesn't owe you anything if the worst happens and it crashes. You've locked in the profit. Then if the remaining half keeps climbing that's good as well.
As Silver says, as long as revenue is growing at this rate, can just sit back and relax. Share price will blip around on low volumes, but business seems like its on the up....
I reckon a lot of punters were waiting on the sidelines for the cap raise.
The bank debt option has forced those punters to buy on market.
Part of the run up will also be a side set of punters with a bit of FOMO looking to join the party.
The valuation seems to have run ahead a little if you apply a 4x or even lofty 5x ARR multiple.
Instant success is a curse and a gift. The curse is you think luck is skill. The gift is you know it can be done. Then it’s a race to turn luck into skill before you lose it all.
I reckon a lot of punters were waiting on the sidelines for the cap raise.
The bank debt option has forced those punters to buy on market.
Part of the run up will also be a side set of punters with a bit of FOMO looking to join the party.
The valuation seems to have run ahead a little if you apply a 4x or even lofty 5x ARR multiple.
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