Maybe you should short Bubs which is valued at $500M?
The Market paid an IPO price. Regardless how it was dressed up. We are not paying for company how it was before IPO, we are paying for future potential and expansion.
your assumption that the NZ side of the business will not make money for years to come, is your opinion only and that is OK.
I disagree fully in this regard and am waiting for financials and will assess progress over the next year. Others are paying for a company and have bought it when it has become ominblend+Keytone+Supercubes, regardless how you want to split it up,it’s one business now.they are buying into a growth story. Where you think the company was priced is irrelevant. Xero, lost money for years, and is worth a bundle now, APT loses money and yet it has grown substantially. Markets are irrational.
As outlined before, if this company as a hole now(which is what it is) has its total revenue similar to BUBS and they were making profit which Is likely, at HALF the Bubs market MarketCap KTD would be worth a SP of $1.25, and $2.50 at the same MarketCap.
if Bergen and James Gong make a bundle, so what?
So long as the story doesn’t change and the company(as a whole is growing and is profitable) the market should reflect this. IMO.
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