Bots, run by big institutions. They watch mums and dads buy up and force the price down and watch day traders sell in fear. It is rinse and repeat.
You have a choice sell to them for a loss or wait for the big boys to clean them out and then watch them scramble to close their shorts (you can sip a scotch whilst the SP rises another 30% - it is satisfying watching the lift off).
Shorters of OPY are not forward thinking investors. They are targeting a company that has experienced a month of RECORD growth and is still on an exponential uptrend. OPY almost hit $5 on declining Jun20 figures (relative to May20). Now we are at $3.65, when APT is a whisker off all time highs. You do the sums if we are undervalued or at least 40% in upside from true value.
OPY is valued at <$0.3B MC vs APT at >$21B (<1/70 of its value) with around 1/14 of its TTV, with industry leading bad debts performance, which equates to an equivalent of at least 1/10 of its TTV in terms of cash inflow.
To dumb it down to basics we are valued at 7 times lower than APT on equivalent metrics, so plenty of upside.
OPY Price at posting:
$3.65 Sentiment: Buy Disclosure: Held
