Stocktipper
I have tried to rationalise the lack clear upward direction in SP also. For myself some reasons:
*Often think about why things obvious aren't so obvious to others: i.e. efficient market theory (others have same information as you) isn't always efficient!
*TZL falls way outside Aus. stk mkt comfort zone of mining, banks, insur, industrial. Technology is underappreciated as an investment sector because of risk that it gets overtaken/ obsoleted.
* Institutions have strict guideline re style/ sector/size/ etc.etc they have to stay within not only because they get rated for sticking to their decreed process. TZL wouldn't fit into many of their pigeonholes. Its a one-off. But private investors yes maybe - but then have a look at the SP chart! You have to be an evangelist to have faith.
*There is still a huge risk in execution, which I feel many on HC underestimate - I daydream about the SP as much as next person but when you relate any $ to SP/Mkt, Sales/Mkt etc you realise that realistically multi-bags have to be some years off. Sorry, but I think we need to wait for the IPO to judge when sale price will go beyond early teens.
* It is so unusual by being disruptive technology. For myself it took a while to figure out just what they have, so I am sure others also, but these people are also probably saying to themselves why bother when there are so many other more understandable opportunities; its easier to see a profit with an IPO that has some tenements with a whiff of Uranium?
* Lets face it - it is almost an American Corporation - Americans will buy into it when it is made easy & visible to them- the IPO will get them doing it.
Am I rationalising too much?
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Last
1.9¢ |
Change
0.002(11.8%) |
Mkt cap ! $4.875M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $5.018K | 264.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 30000 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 30000 | 0.019 |
1 | 300000 | 0.018 |
4 | 125000 | 0.017 |
1 | 578000 | 0.008 |
1 | 83500 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 40000 | 1 |
0.027 | 125000 | 1 |
0.028 | 211025 | 2 |
0.030 | 166667 | 1 |
0.033 | 24575 | 1 |
Last trade - 10.09am 30/09/2024 (20 minute delay) ? |
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TZL (ASX) Chart |