Its so hard to tell with 9SP... long view in the rear mirror says that the ship has leaks... OCBC exit may have been known by CIGS before they dumped the share... may have just been time for them too - they exited a lot of stocks at the same time - almost all of them were in a downtrend during their holding period.. VMUK resulted in no movement
VISA... in my opinion - is the one that the market is waiting to see come to fruition. The initial spike in 9SP price coincided with some high value acquisitions by both VISA and Mastercard - perhaps the market expected this deal to be a leg up for 9SP before they were acquired... clearly nothing much has happened on this front, so all the hype has run from the stock too...
We need VISA originated sales, some new direct deals and even an early extension of terms by BoA - all these things would sure up a big concern... profitability - 9SP has had their hand out for quite some time now - without increasing revenue... IMO future CRs will be much harder to swallow.
9SP Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
