Well... achieving market share will enable them to achieve their revenue targets. Nothing wrong with that. That's good that the company is upfront with their objectives.
Regarding previously posted doubts... I think today was the final stage of selling this stock down. This company does not have the exposure to the Australian market and I it's not a bad thing. They operate in the largest, most competitive and lucrative market in the world and they should focus their efforts on their home soil. At the end of the day most investors are buying into that American Dream. This stock will perform well over the next months. Not sure if it is going to become the next 1PG, RFN, CV1 or KNO. Again, UPD's advantage and potential lays in a huge market their operate on. What would be the Australian equivalent of 5% of the US market in terms of the household numbers? We do change houses frequently but nothing in comparison to the average US family. Above mentioned companies can only dream at this stage to get foot in US doors (apart from 1PG) and despite that their shares multiplied within short period of time. Again, potential investors bought into dreams. None of these stocks have got any substantial revenue. No doubt UPD will be similar. I hold the stock and today was very close to sell it and get out with a nice stag profit (decreased substantially since the float) but decided to hand around for longer. Still a long way to go the IPO price levels... I hope a few good ann's will give it a leg up if the float strategy has been properly developed. Good luck and yes, I ramp it up
Add to My Watchlist
What is My Watchlist?