No thanks, I've sold enough mutts this year to fill up the city pound. Sticking to blue chip pedigrees going forward.
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ODT saying GeoOp are considering delisting on the NZAX and moving to the ASX.
Perhaps we just never really understood their grand vision.
I never saw what was so great about this company, came on the market just as Xero was doing exceedingly well and investors heavily linked it with Xero since it had prior staff from Xero and was in the space of doing tech, which even Wynyard and Sli were highly valued at that time. There was nothing too proprietary about what they did and trying to sign up tradies to use tech? Didn't they know tradies love under the table dealings? Or that tradies aren't the most motivated adopters of tech? If Pacific Edge had a hard time selling a bladder cancer test to highly educated men, how was geo-op meant to get better success?
From their interim report its actually rather shocking to see they needed to acquire another company to make their numbers look good or else they would be at 20% growth from mind you a rather small base of revenue. I've seen Snakk grow faster and yield nothing special, so why would these guys be any better?
For me it's worth $5 million in intrinsic value or 7 cents per share.
Just my thoughts anyway.
Just had this happen to me with OGC. At least with ANZ Share and Bond Trading (and I would guess ASB too), you can place a sell order on the ASX for the shares that have been transferred without needing to be set up with a chess account or anything. But unless you are set up properly, you can't buy them back again.
Been watching the shares over the past few days and now up to $0.20. Who TF is buying? It seems "their" only plan is to short their own shares on a ASX release if that is even possible?
I smell a rat but not one based on a successful business, innovative solution or company or anything to do with profit. It simply seems to be boiler room tactics?
Do they even qualify for the ASX? Too many questions for my little brain.
Does anyone have any thoughts on the
GEO Interim Results HY17?
-100% margins and rising debt.
They're in a highly competitive market and their customer growth is not sufficient enough to hit that "critical mass" in the next 5 years.
A basic valuation is sitting well below the current SP as we see share dilution dump shareholders value for the next 5-10 years.
6. SHARE CAPITAL
Balance at 30 June 2016 -- 49,393,299
Balance at 31 December 2016 --- 70,574,926
Wait till you see something really turn around before you put a penny in there.