Even at $75mil in asset, how could this be worth 9cps when SKT has $179mil in current assets alone, and only worth 14cps... doesn't compute.
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Even at $75mil in asset, how could this be worth 9cps when SKT has $179mil in current assets alone, and only worth 14cps... doesn't compute.
If I was BGI I would've done a capital raising near the peak, that would've really screwed over some "investors"
This is the bit that worries me. A 10 year old investing is a GREAT thing, but what I'm seeing with the trend following, Facebook driving, fundamentals absent, euphoric herd like ignorance is the exact opposite of what the 10 year old should be learning.
I just hope that this period doesn't turn off a whole generation who decide that investing is a scam - that would be a real tragedy.
i didn't hold any share but was alert by the other discussion forum on this shares and people were crazy about it hence i went in and checked yesterday and saw the trading halt.
I think this is really wrong and someone should be held accountable for this "wrong information" and market was mislead by it for a considerable length of time and the company was alert to the movement of price and volume twice and replied "nothing they aware of".
And there was sell down by insiders.
All these need to be investigated NZX.
Almost back at NTA level now at 1.5c, I think I wrote the number correctly...:p
My 10 years old is investing in Index fund.
Entertaining to watch though, the asks (avg $180) chasing down the bids (avg $150). Crazy stuff.