For those who thinks that Cloud Computing is Hype check this out.
1. Xero still not profitable since listing in Nov 2012 Listed at $4.50 hit a high of $43 and still now at $21.50 ( 500 % )
2. iSentia slightly different Cloud based. $2.04 listing in June 2014 open at $2.41 Today at $2.50
3. Bulletproof a smaller one compared to Xero or WiseTech, 27C high of 46C now 38C
4. Next DC A cloud Coy I don't think they are profitable yet!! Listed in 2010 at $1 opened at $1.49 A high of $2.85 now $1.71
5. Freelancer listed in Nov 2013 Issue price $0.50 Open $2.50 Plus a high of $2.60 even now $0.70
Now These are Cloud Based coy's listed here on ASX , Atlassian went to Nasdaq. Did extremely well too. I wonder why in this market where Market will pounce on any company that is not good enough and gets smashed, how come these so called Hype Coy's are still doing well in this market, You will know the answer. Market likes decent good quality Cloud based Software companies particularly if they have massive growth potential. I personally believe WiseTech is one. Don't expect to get any stock in this that easily, as it will be tighter than J Lo's ASSSSSSS. Based on what I have seen on ASX for this type of companies, if the market holds well at the time of listing, WiseTech should technically give a very decent stag!! I leave it for discussion on Cloud Computing!!!
