Originally Posted by
Landyman
Hi Blue, I tend to think that share price is based around financial fundamentals, and that it is those facts that drive supply and demand and therefore SP. Certainly there are elements of becoming flavour of the day (especially when the day traders get involved). Economics 101, share price should be based on future value of business.
I too like to think that HGD/NTL is under-valued, based on past performance, there is good reason to be a skeptic - nice to think that it has finally arrived. Im just trying to get my head round what a true market cap should be, recognising that given market efficiency, then the price should fluctuate around that price in the long term.
Discl: Im one of the holders who got caught in the hype a few years back, when people were throwing round 10c SP, and that was before there were 2 billion shares. Trying to do research, but using you all as a resource to try to understand things better