Ozgem, some excellent points. The market is aware of everything you mentioned.
On the bright side, this stock cannot be traded institutionally right now (due to restrictions such as: low liquidity, not enough profitable quarters in a row, etc.).
So "the market" for this stock is very limited. Serious long term investors such as Fidelity, or other mutual funds, are not even aware of this stock for now: it doesn't even pass their filters.
So who would "price" all the info in? For the market to be efficient, you need a number of sophisticated investors: I don't think we have that for this stock at this point in time. Speculators would not "invest", they'd trade on swings and volatility.
I think the fundamentals are right for this stock, we have to be patient for the company to either make a profit or for the Telco to start a marketing campaign (so that we have customer acquisition).
The ONLY thing that really scares me is competition. Someone posted a link to the "hottest fintech startups", and one of them was a British-based company which seems to be doing EXACTLY what we are doing: remittance through a phone up.
If one company gets this right before us, the SP will plummet. Maybe, that is what the "market" is pricing in - which worries me.
Otherwise, we should be cool.
J.
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Last
4.1¢ |
Change
0.002(5.13%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
3.9¢ | 4.1¢ | 3.9¢ | $8.242K | 205.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4206 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 272120 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4206 | 0.040 |
2 | 151000 | 0.039 |
7 | 159819 | 0.038 |
3 | 406408 | 0.037 |
7 | 834303 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 272120 | 3 |
0.042 | 80000 | 2 |
0.043 | 93736 | 4 |
0.044 | 201357 | 5 |
0.045 | 531316 | 2 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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