If you extrapolate the share price growth prior to COVID-19 you'd likely get to somewhere above $5. As an investor I factor in the COVID-19 has had a net positive impact on the business that should see the SP well above this extrapolated SP. The impact includes a far greater adoption of the service forced by the pandemic, with many customers likely to become "sticky" and return to shop here well after the pandemic. The impact also includes a capital raising to boost the balance sheet to a much healthier position.
Waiting for it to reach $6.5 may mean you might not get your shares. Provided this stock has so much upside (especially in the medium to long term) I'm happy to buy at these levels.
AIMO of course.
TPW Price at posting:
$9.74 Sentiment: Hold Disclosure: Held
