Martin Jetpack

[minimoke]

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?

[robbo24]

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?

Over $300m, then add the rights, options and warrants There's lots of them.

MJP is worth more than DIL

[robbo24]

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.

[minimoke]

The media hype following the IPO provided unabated coverage of the product and the stock.
.

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.

[minimoke]

Over $300m, then add the rights, options and warrants

That puts it in the NXZ50 - and that's crazy for a company with no sales, no revenue and a mil or two in assets. Even PEB has product to market, revenue and $21m in net assets and its worth less.

[robbo24]

]I haven't seen much hype post ipo[/U] 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.

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

Who knows where it will get to first, though!

$1bn mCap here we come!!!

[minimoke]

Well minimoke there's these news articles.

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

Who knows where it will get to first, though!

$1bn mCap here we come!!!

I'm going to have to pull out my texts on Pump and Dump. This one is re writing the books given the VWA only needs to be $1.20 as I recall.

So are you riding this for the long haul?

[GuessX]

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.

[robbo24]

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

[Xerof]

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