It was mentioned on the thread yesterday that 11% is too high to be competitive - my thoughts:
- Airpocket targets much smaller denominations where traditional money transfers would not be feasible for these amounts given the fees
- Traditional money transfers operate at somewhere close to this commission (dependant on size of the transfer). If it is cheaper to use airpocket by 1% people will use it - no need to give away revenue.
- Airpocket like all blockchain tech has the benefit of operating in near real time with minimal risk. That's why the asx and large banks are all over it - it reduces risk while everything gets reconciled.
The sell down yesterday really did boggle my mind. Even if the annual earnings are only $10m / yr - which is much less than stated above - then the market cap should be well north of here, closer to $100m. IMO this is the result of fund managers saying 'sell on any rally' - however in the med term there will be some stocks that need to play the catch up game, DCC being one of them.
I was in this for a ST trade but after the ann am looking longer term for this - I think there is bags in in in 2016.
All IMO
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Last
4.4¢ |
Change
0.003(7.32%) |
Mkt cap ! $38.12M |
Open | High | Low | Value | Volume |
4.3¢ | 4.4¢ | 4.1¢ | $36.64K | 863.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 356745 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 141692 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 356745 | 0.042 |
5 | 285000 | 0.041 |
3 | 139157 | 0.040 |
6 | 470999 | 0.039 |
5 | 137390 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 141692 | 4 |
0.045 | 547000 | 3 |
0.046 | 50500 | 1 |
0.047 | 1236575 | 3 |
0.048 | 150000 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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DCC (ASX) Chart |