The same people comment on similar stocks for a few reasons
Firstly, they know that ipos can be a good way of making money, there is usually news flow and promotion I think if you look up the stats tics if you invested in every ipo you would make something like 10% on average over time day 1
Now it’s in the interest of the company tk get a high as valuation as possible and for the broker to also get the company to price the ipo so there is money on the table for their clients, this is what makes a succesful broker.
Now if you had a business and you wanted to do an ipo and you had a broker with a good track record of raising funds, promoting and supporting a stock or a broker who didn’t which would you choose?
The broker also looks for companies with a good rate of success medium and hopefully longer term, they do this by judging the management and product. An experienced broker is better at this than one who obviously isn’t.
The people who have been in the game have usually had numerous brokers some good some bad and it takes time to work out who has a good track record.
Once you know then you back that broker more than you back other brokers.
That is why you will see the same names often on ipo threads, capital easing threads, charting threads etc etc
The so called “spruikers” are generally just more experienced in how capital markets operate.
Now if I think a deal is good and has upside then I will say I like a deal and think it has upside…If I didn’t like it I wouldn’t be in it.
What is the point of hotcopper, to share information…
LTP Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
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