Chanticleer (back page Saturday's Australian Financial review) has given a highly favourable review of MIG as an example of innovative tech companies that have been backdoor listed into former mining stocks from Perth. Unfortunately the story it did not reflect overly in today's trading considering Chanticleer is a preeminent business feature forum in Australian media, but its all good grist for the mill.
Inter alia, SG is quoted as saying:
"biggest shareholder....Foxconn. It makes about 50 million phones a month."
"...countries where MIG is growing fastest are turning away from the established internet brands such as Facebook. For example....Line (see my earlier Line Comparison posts) has overpowered the big American products."
"Tencent....its market capitalisation has grown .....to $US160 billion...."
"The returns for original (MIG) investors are about five times their initial investment."
And if you didn't already know it, we MIG investors (and those from Perth particularly) are "risk affine" which is apparently the opposite of "risk averse".
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