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Member
What did they raise the money for?
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Member
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Member
Was 2.04 at one stage on asx.
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Member
Been enjoyable having this share see how far we can go while they keep throwing cheque book around every few weeks
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Member
Moving at express train speed in the right direction 😁
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Often there is significant discrepancy between ths ASX & NZX market prices.
There is sufficient volume that I am mildly surprised by this.
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Member
Maybe gaining abit of popularity be interesting with price coming back to 2.09 whether it'll hang around there or dip back more tomorrow had quick rise last couple weeks
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Risk Manager for FTX
Well this is getting abit dry. Must be approaching a PE of 70 or so.
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Its a fine company that listed on sound multiples, with a good growth strategy and use for raised funds. But with the share price more than doubling (almost tripling!) it is turning into a bit of a meme stock with its share price in my viewing detached from any basis of fundamental support. Nice for holders for now, but a bit of a shame as likely to fall and wipeout recent purchasers equity and leave a sour taste. Not advice, DYOR so you can prove me wrong!
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PE's are unimportant, but I do find the current SP somewhat bafflingly high.
Disc: The VGL SP baffled me for years and for years it stayed baffling and then, eventually, the SP dropped, a lot.
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