I think it listed at an unfortunate time, few IPOs came onto market weak during that period and Omicron Wave was the headline so travel stocks were smashed in November/Dec.
since IPO MicroEquities Asset Management and Capital H have become substantial holders so there's definitely Institutional interest I believe there's just a lag before retail and HNWs catch onto the story.
A good example is that having just passed 24 hours since yesterdays asx releases there's less than 100 views on HotCopper for their key announcements.
So ALO being sleeping giant is my view
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