Battenberg - as bearish as I have been on the price/value I do...

Battenberg - as bearish as I have been on the price/value I do think this is overvalued by a bit - that computer aggregated report is not worth the pixels it is printed on - and 1PG is worth far more than it is stating

The reality here is this is running hot on speculative fire as the market knows that if they are able to sign up this many major clients, revenue and profit should follow - there is speculation of coming NPAT and the AUD is helping

As can happen with a hot story, the market can get way ahead of itself, it tops out and then consolidates for 6-12 months.

1PG just needs time and a few quarters of proven strong revenue growth

This is hot, hot, hot - and at $900mill well hmm - but even with what I was saying I think $2-3 a share on spec value is reasonable for such a story, this move is not totally without rationale (but is running on emotion now)