Regal have a bit of a habit dumping after a 20% lift. They seem to get in on cap raises at a discount then jump out selling a chunk not long after the shares are issues.
Good update by Sol here. Interesting what a difference it's makes to the share price having the market on side.
I've been in and out of quite a few Telcos Tech stocks and valuations vary so much it's crazy.
eg $m
Stock Rev. Profit Market Cap
ST1 $55. $7-8. $210
VN8. $16. never. $45
CCG. $35. $4. $28 based on recent acquisition.
I can't explain it other than having the market on side.
Video: Sol Lukatsky discusses Spirit Telecoms Intalock acquisition, December 2020, page-5
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