You think this is worth just 10% of MMM? Its a an absurd sell down on small volume by panicked holders.
Downtrend momentum on an IPO is tough to break given no historical support levels, but surely fundamentals need to come back in focus here.
66% down since IPO because its slightly off its prospectus, driven by COVID impact on the B2B business.
B2C is growing strongly, B2B recovery is close and the new facility is on track. Nobody will convince me that this current valuation is rational or aligned in any way with its fundamentals.
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Ann: Appendix 4C Q3 FY21 - Quarterly Business & Guidance Update, page-47
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