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
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.