$1 Club, page-25144

First 25144 Last

Share
Profile

Follow
Griff5

479 Posts.

114

05/10/21

13:48

Post #: 56574098
Share

Originally posted by Ryzie: ↑

I believe we do get information of their progress. It's just that we only get the information quarterly rather than every two weeks. I prefer the company to update the market through the ASX announcement system rather than through their website.

Imagine if Tesla had a ticker on their website that updated every time they sold a new vehicle. Or say A2 had a ticker on their website displaying the number of merchants selling their products or every time a product was sold. I don't believe this would be inline with the ASX requirements to have a an informed market. If we want to calculate the number of merchants available on the myIOU App we can calculate them. It doesn't really matter though, the only thing that matters is the TTV and revenue which we can only get from the quarterly reports, half year or full year report.

I just think it's a matter of not worrying about the share price movements outside of those times. The movement today is based on what? Nothing. The value of the company can't be accurately assessed at this time. The economic shift to BNPL is underway. There's plenty of competition and management have acquired a stake in IDSB to counter the competition. It's just a waiting game now to see how the company performs over time. By all accounts things are looking pretty strong. Even the macro factors point to greater strength for IOU. Consider the increased inflation and pressure on consumer prices, how will people pay for things? Not with a credit card, but with 0% interest BNPL products.

Good things are coming for this company imo, it just requires some patience. I understand your frustrations though. I don't see the companies communication style changing any time soon. We just have to have faith and reassess when we have new information.

Expand

Tesla is just a little bit further down the path than IOU. Apples and oranges.

The lack of comms from a company still in the early stages is a poor sign. I’m waiting, hoping for a reason to explore a re-entry point but it’s just not there.

Last edited by Griff5: 05/10/21

IOU Price at posting: 25.3¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

What's causing the cost-of-living crisis, and how to navigate it

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%