Brett you touched on a matter that concerns about this company, being China risk. I get the potential upside if all goes well and it interests me. But Alibaba for example I read speculation somewhere it may have financial trouble, hence the listing in HK to raise cash and Jack Ma retiring. China also has stepped in in recent weeks to support a couple of banks for the first time in two decades. A few cracks showing in their bubble under trade pressure from US perhaps, or perhaps the bubble is just rolling over.
Tighter capital controls also seem to be affecting the housing market here.
Further, China notorious for harvesting overseas technology, forced technology transfer to local partners. What is the risk that Net get a bit sidelined over time by their local partners. Courts and IP laws dont favour foreigners.
Taken together, China econony, difficulty getting paid/transfering funds out, technology capture, there seems some real risk here given China is their core market for the moment.
Serious questions. I like to know how they are managing these risks.
NET Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
(20min delay)