SP1 0.00% $1.07 southern cross payments ltd

not self professed genius - just easily annoyed by people on...

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  1. 658 Posts.
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    not self professed genius - just easily annoyed by people on here (not aimed at you) who feel that if their favourite stock doesn't bounce 20% because a 300k deal was announced, it must be sinister manipulation.

    Perhaps the real reason is that a market cap of A$100m+ needs to be justified by earnings, or forward looking earnings.

    This is a good little business, but it loses money. Once it makes money it may be reweighted, but that would need (as an example) earnings of A$2.5mln to show a PE of 40 x (that is where FaceBook is valued).
 
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