The following is not to be taken as advice. I'm just pointing out some facts, that might hopefully instil some confidence in shareholders.
$4.50 a share is still a relative bargain when you consider that the company's bookings and income (although admittedly, unaudited) was AU$827m for the four months to April 2022. That's close to AU$2.5B annualised. And yes, I concede that not all bookings will make it to the revenue ledger, there will likely be some attrition.
But as a crude peer-to-peer comparison, Roblox had audited revenue of US$1.92B in 2021, and seems to be on track for similar (or slightly better) revenue this year, with $537m revenue last quarter. Its market cap, even after its share price has taken a pounding since last November, is currently over US$23B.
AB1 Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held