"Cochlear Ltd listed on the ASX Dec 1995. It listed at 20c and stayed low for over 7 years only on research and development with no income. It steadily rose with no revenue for a long time. They now sell great implants and look at the stock now!! Todays price; $ 57.15."
It makes for a great story & if MVH did this I for one would be a happy man, but from what I can tell (using COMSEC)COH's price should have been just over $3 in Dec 95 & 7 years later it was over $30 (but peaked in 2001 to $50). 40% P/A over 7 years!! Unless I'm missing something that doesn't seem to be "stayed low for over 7 years" & based on MVH current price in 7 years time it would be about 80c. This would be nice but not as sensational as you would indicate.
Correct me if I'm wrong - most times I am ;)
MVH Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
