SAS (ASX) 10C is coming back!

Originally posted by Juanfrau ↑

Hi Craig sorry for the belated response I was away on an overseas holiday and had no intention of going anywhere near the ASX let alone HC.

Its tough to say seems to have found a bottom and some support at 10.5C may move up and down a cent or two but until theres a major announcement from the South American market on Globalsat not really going any where until the first batch of Pearls launch date is announced which could be 12 months on current timeframes. SAS don't seem to want a JV hence another CR coming in 6 - 8 months probably around 10C.

Interestingly I found this article which shows the South American communications market is complex and has many telco providers with different market share and business models depending on the country in South American within which they operate. Many hurdles for SAS to navigate it would seem in this crowded market.

https://frontera.net/news/latam/ana...t-telecommunications-stocks-in-latin-america/

I know your a fan of charts and they of course have some merit. However SAS is a sentiment stock and you have a myriad of people on a investor continuum if you will from DT'ers to SAS dreamers that this is a once in a lifetime stock to bottom drawers and everything in between.

Sophisticated investors are waiting for guaranteed (proven) ongoing, sustainable revenue which will probably happen when/if there are 60 - 80 Pearls up, tested and operating, with contracts signed with telcos and end users signed AND USING (both commercial and private) providing serviceable but not full coverage.

Let me know your thoughts.

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I mostly agree with you comments. I agree that Latin America is complex but atleast it is more delevoped than Africa. At the end of the day SAS will be reliant on global sat finding the right mix to on sell SAS' s services. I do wonder what service they can offer with only 20 satellites. Store and send services only I guess. I agree once 60- 80 sats are up a more frequent and reliable service can be provided.

I think mumy frustration with SAS is the same frustration I have with alot of tech companies on the ASX. They are not well supported. It is disappointing that we have to wait for sophisticated investors to lead the way in the SP. There is a fear of tech stocks on the asx, there is fear amoungst retail investors and that fear is due to a lack of understanding. The likes of SAS, FBR, MOB ect are all languishing because of lack of understanding.

Anyway. More patience is required. Agree with your position. Wish we had quantity of quality retail investors that put a punt on some proven tech instead of (or as well as) punting on crypto.