I don't think this stock is for you I'm sorry
this is a high growth stock playing in the global satellite market with no competition & a huge opportunity right in front of them
all they need to do is execute , which they are (think existing global partnerships with Fugro, Realwear, Inmarsat, AST, Iristick)
figures from last year are irrelevant
there are many companies trading on the ASX with Market Cap's of multi billions that are operating at a loss
this stock has the potential to be worth many billions of dollars while generating significant net profit
gross margins in the 80% range with a low fixed cost base (as the tech has already been developed & of a highly scalable nature)
say Harvest can generate 50m in revenue by mid next year with say 85% GM that's circa 40m net profit
what is the business worth then ? 5x say $2b?
Furthermore using a little logic and common sense with recent major hires eg Andy Lowery
co founder of Realwear
business worth many hundreds of millions of dollars
and a man worth plenty himself
why would he leave Realwear and work for Harvest?
obviously he sees huge disruptive potential (and actually states this at his time of employment) in the business & a huge opportunity to make a lot of money himself (otherwise why would he be doing it, for fun?)
I hope I don't sound arrogant but I do feel like I know the business extremely well & I can clearly see the potential of the company & where they are heading
I know I would rather be buying into the company at these levels rather than in the billion $ range
up to you but pls for your sake stop looking at daily movements and invest in the long term & have a little faith & confidence in who you are backing
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Mkt cap ! $13.06M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 49900 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.8¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 49900 | 0.017 |
3 | 219034 | 0.016 |
3 | 633000 | 0.015 |
1 | 50000 | 0.014 |
3 | 2038461 | 0.013 |
Price($) | Vol. | No. |
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0.018 | 200000 | 1 |
0.019 | 22701 | 1 |
0.020 | 430456 | 2 |
0.021 | 569500 | 1 |
0.022 | 245000 | 1 |
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