Hi there AJ7, It is frustrating to see the shares drop today, especially with the news of the $20m contract.
Many of the recent ipos have listed with big premiums, and they are loss making enterprises for the foreseeable future. This is usually excused by saying they have impressive growth rates.
GNP is not only profitable, they have projected their sales revenue to increase from about $170m for FY20 to $303m for FY21. This is an increase of 78%. This is definitely impressive.
I do not understand why these shares are trading so cheaply....have I missed something?? Does anyone know if any brokers are following GNP?
GNP Price at posting:
$1.00 Sentiment: Buy Disclosure: Held
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