Owning 1 million shares at these prices is not an insignificant investment.
However, I truly believe that this is one of those investments that will return multiples of 10 as a minimum (for which my horizon is 12 months) or perhaps even 30 or 40 (think 3 years from now, look at the scale that WiseTech has achieved).
Based on information from the company about signed deals alone, we should be back nearer the institutional capital raise price of 20c. I have no doubt whatsoever that the next two quarterly reports will underpin that. With single client direct deals, the upside is possibly even higher. Management are now showing their confidence and once this translates into $$ contracts, the acceleration in share price will be surprising to some.
For transparency, I declare myself as owning over 1m shares in BUD. I believe that current levels present an incredible opportunity. I am continuing to accumulate.
I look forward to more company news. Good luck to all holders!
BUD Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
