My nephew just sent me a text message. His first ever share purchase was SYT and he put $5000 in.
He gave me a call and said what has caused the price to go down? And I said that they didn't make any money last quarter.
And he said but haven't they only been going for five or six months. You said they weren't supposed to make money for at least a year. Are you sure there aren't any problems?
And I said not as far as I know in fact it looks pretty good as far as results establishing the business is concerned and the promotion of the products and I started to tell him about Mexico and India and Tata and then he stopped me.
He said sorry to cut you off but I need to put another five thousand in this at these cheap prices and better hurry before other people work out what a chance this is, maybe I should put in more?
Then I said but what happens if it fails and he said;
Failure happens all the time but the biggest regret you have is when you fail to act when you see an opportunity.
Smart kid my nephew!
Good luck to all who saw this as a chance and maximised their opportunity for success!
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Ann: Appendix 4C - December 2016 Quarter, page-235
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