As predicted, the "wall" on the sell-side at 1.2c was not genuine, someone was trying to hold the price down, but the sell orders at 1.2c have been pulled. This is going to fly extremely quickly now.
I think a fair value for this company is $30m (~3c) within 6 months and $60m (~5c) within 12 months. Picking DW8 is akin to finding A2 Milk back in 2015; DW8 will also end up being driven by explosive growth in China.
The ASX is also momentum-based. Investors will pay for a stock with credible operators (such as Dean Taylor) and significant growth runways. ASX investors prefer to buy into a climbing success story (e.g. A2M, Appen, Altium, Xero, Afterpay) rather than an unloved, undervalued stock.
Once DW8 surpasses a $30m market cap, the microcap and small-cap fund managers will also be able to buy in and that could drive growth to the $60m valuation level across the next 12 months.
One step at a time, but this is looking very promising moving forward. Perhaps Dean's ambition to become ASX200 is more realistic than we would think.
T.E.P.
- Forums
- ASX - By Stock
- KDY
- 4.5c Share Price Target By July 2021
4.5c Share Price Target By July 2021, page-34
-
- There are more pages in this discussion • 868 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KDY (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.834M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
KDY (ASX) Chart |
Day chart unavailable