ERD - ERoad. (Transport sector technology)

[Dej]

Anyone still following this?

Based upon comments from members here it seems that people would think that the current $4 is even more overvalued than the IPO.

[BlackPeter]

Anyone still following this?

Based upon comments from members here it seems that people would think that the current $4 is even more overvalued than the IPO.

Who knows - maybe EROAD senior management is reading this thread ... and trembling in their boots. The weaker ones are already voting with their feet:

Date this disclosure made: 16 June 2015
Date of last disclosure: 9 June 2015
Director(s) or senior manager(s) giving disclosure
Full name(s): Brian Michie
Name of listed issuer: EROAD Limited
Name of related body corporate: Not applicable
Position held in listed issuer: Senior Vice President
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Ordinary shares in EROAD Limited
(NZX code: ERD)
For that relevant interest,--
(a) number held in class before acquisition or disposal: 2,072,966
(b) number held in class after acquisition or disposal: 1,976,177

and

Date this disclosure made: 18 June 2015
Date of last disclosure: 15 August 2014

Director(s) or senior manager(s) giving disclosure

Full name(s): Peter Graeme Batcheler
Name of listed issuer: EROAD Limited
Name of related body corporate (if applicable): Not applicable
Position held in listed issuer: Executive Vice President - Global Sales
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Ordinary shares in EROAD Limited
(NZX code: ERD)
Nature of the affected relevant interest(s): Peter Batcheler has the power to
control dealings and voting of shares held by SW Trust Services (Twelve)
Limited. SW Trust Services (Twelve) Limited is the registered holder of the
securities in respect of which a relevant interest has been disposed.

For that relevant interest,--

(a) number held in class before acquisition or disposal: 2,379,851
(b) number held in class after acquisition or disposal: 2,141,865

But on the other hand - if I look at the fundamentals ... (Sort of-) SW startup with already positive earnings (predicted EPS 6 cents) and quite healthy growth rate (CAGR = 58%). Applying the Graham formula do they still look undervalued (obviously unless the directors / execs know something they don't tell the market).

Why would you say this stock is overvalued?