Let it not be said I know it all. So could someone please teach me how a company with net assets of $1.8m possibly be valued at the current capitalisation of $288.7m?
Printable View
Let it not be said I know it all. So could someone please teach me how a company with net assets of $1.8m possibly be valued at the current capitalisation of $288.7m?
When the product is as revolutionary and unique as MJP the punters will line up for shares. The media hype following the IPO provided unabated coverage of the product and the stock.
Wouldn't be surprised if MJP was a $1bn company in no time.
It's lucky you scared off so many people from the IPO with your expert opinions, they could clearly use the lesson in when to DYOR.
I haven't seen much hype post ipo certainly not to the level pre ipo. And pretty much nothing in nz which seems surprising the media like good news stories like this. So I'm not sure you can attribute the demand to that.
I've had quick look at the latest financial reports and cant see anything there that would stimulate demand. Could well be I am simply missing it so please feel free to point me in the right direction.
Well minimoke there's these news articles.Quote:
Originally Posted by minimoke;562406[U
There's also lots of other stuff flying around on the net - just keep an eye out.
IMO - yes it's a bubble and some people are going to get spanked when it pops :D:D:D
Who knows where it will get to first, though!
$1bn mCap here we come!!! :D:D
Robbo - I'm fully on your side on this - but hotcopper makes me nervous.
There are a lot of "Newbie" investors talkng about this one, and I think have been caught up in the ridiculous gains.
Signs for a big pop in a week or two (if not before).
I hope you're comfortable with this coming back down to a more sane level of share price.
Of course - I could be totally wrong.
Bubble to the max at this point.
At 30 NZ cents MJP was a risky investment. At 40 AU cents MJP was a 33% riskier investment. At $2.00 AU MJP is, in my view, exceptionally overvalued for this point in time. If there were enough tradeable shares to sell down then it may happen at any time.
Then again, you're talking to a guy who got in at 30 NZ cents and uses live charts - entering and exiting bubbles is an exciting game ;) :D
Congrats robbo from an early dismisser.
I picked this as Apollo 1, and it has survived being a Challenger, however, now looks like a Columbia. Have your shute ready
:D