Patrick kindly pointed out to me today that since listing IAM has still more than doubled in the last 6 months, far better performance than pretty much every stock in the ASX200
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On Another note...
I get asked how do I invest and then hold on to stocks that go on to make 500% - 1000% plus gains on a consistent basis?
My answer is simple, I invest in people.
Businesses are run by people and with good management and a good product it will reward in the long run.
Trading is just a short term by-product of the investment, the real money and wealth comes from investing in good businesses with good management.
For me Intiger has ticked all those boxes even since the days it was a shell as SRT, but more so when it became IAM.
If they didn't have Mark Rantall, Patrick Canion, Mark Fisher and Matthew Walker I doubt I'd have remained holding. I probably would never have invested if Walker didn't own 105m shares and if this management team were not on board.
Also wouldn't have invested if these performance milestones were also not part of the deal, where Mark Fisher, the founder doesn't get his company back, 440m shares unless he hits the $40m Cumulative Net Profit After Tax (NPAT).
The 4 milestones are key for me and the fact he took his $750,000 loan to the company in payment of shares when it listed which are still in escrow for another year.
M1 - $1m NPAT
M2 - $4m NPAT
M3 - $11m NPAT
M4 - $40m NPAT
The fact that they have existing clients as high profile and large as IPACWA, IPACSA, Sentry Group is even more vote of confidence for the longer run investment. These are huge businesses, that are already using IAM's services and paying, along with the other 9 clients already signed that we know of.
NAB are trialling and progressing well, this will eventually have an update and progress further and NAB is investing $300m into their financial planning sector.
Last CR was at 2c, to which the company have stated they are fully funded and the company's own revenue funds itself. they also have $2.81m Cash and Options expire December which brings in another few million.
Still a few MOU deals to come, regardless if late, they are still working towards getting these done, Sentry Group deal to become binding and rolled out nationally.
I recall there being that little clause of 8c minimum take over bid which requires board approval, but that's only there for protection whilst the company is growing itself.
Since my first buy with SRT at 0.008 to 2c level my investment has seen at it's highest a return of 1087% and yes I did take profits at those high levels, but the important factor is the vision and ability to hold on to a stock to make those gains because of the investment in the management of the company. If I listened to the ones calling it an expensive shell, well I wouldn't have made over 1000% or still sitting on over 400% gains.
For me IAM is only getting started, from my initial investment I saw it rise up 100%+ a few times and then drop 50% or so a few times, still holding and buying.
I listen to myself and only myself when making investments or trading, my outlook is different to most and it's those reasons why I bought at 0.008 and have continued to hold and buy and will continue to do so until the company gives clear indications that things are no longer going to plan and at this stage everything is going pretty damn well in considerations for a company only listed for 7 months.
Everyone needs to keep in mind there are many different people on HotCopper who are here to invest, some have bought much higher, some still holding from very low levels, others are day traders, short term traders and non-holders. Everyone has their own agenda, their own risk management and their own strategy that you are not aware of, there's also a person attached to each profile, bare that in mind, keep it civil.
Buy, sell, hold based on your own research, plan and strategy.
Cheers.
TheArchitect
(20min delay)