CM8 needs to hold these levels. The selling last week was absurd.
I still think CM8 will do well this year. However, people do need to remember that a great business doesn't always equate to a great stock.... The two sometimes don't align which goes against everything anyone has ever read.
Sometimes horrible businesses or ideas make incredible stocks. NOR i don't think is an amazing business, but it gave me 4x bags in a month. SRT is a shell (about to do a deal) and is worth $20m. During the early days of AJX i liked the story but revenue was a very long way off yet i exited with stupid profit. Copy and paste this with countless others.
It's honestly not always about numbers. Otherwise people would be buying my CM8 shares at $1.
And i don't buy the whole "market is waiting on confirmed figures" argument. The numbers are out there in the open for people to see. And it is very unlikely CM8 will issue a revenue or profit downgrade becasue it's a hyper growth company.
Yesterday the market was told unaudited results for November and December were encouraging and
represent an annualized run-rate for Revenue of $48.5 million and EBITDA excluding share
based payments, of $14.5 million.
$14.5m EBITDA!....... And zero interest. Take $5m off that number and the stock should still be worth $0.60+. Something is not right here. The market isn't buying the story. Which is very bizarre.
From a capital management view CM8 has been a horrible investment. Which is strange as it's one of my favorite companies. But the share price is at July 2015 levels. The capital i have here has essentially done nothing.
Small-Cap funds should be fighting each other for stock. They take substantial holdings in absolute dogs but here is a golden opportunity that doesn't come around that often... and we have tumble weeds.
It's beyond me.
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Last
1.7¢ |
Change
-0.002(10.5%) |
Mkt cap ! $20.86M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 1.7¢ | $126.8K | 7.041M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 265719 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 145000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 265719 | 0.017 |
9 | 1303700 | 0.016 |
9 | 3128849 | 0.015 |
9 | 1961225 | 0.014 |
7 | 3476931 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 95000 | 2 |
0.019 | 957293 | 3 |
0.020 | 652444 | 3 |
0.021 | 526150 | 3 |
0.022 | 452473 | 5 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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