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$1.05 mydeal.com.au limited

100% agreed. The stock is oversold due to the general market...

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newbtr8a

88 Posts.

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24/01/22

16:16

Post #: 59094156
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Originally posted by Superheat: ↑

You must be a new investor who did not go through the GFC. This is not yet even a technical correction let alone a selloff. Expect that sometime in the next 18 months, no one can predict the timing. In a market selloff this could get beaten up very badly. In addition, Tech in general is on the nose so MYD is not alone.

The way I see it, there are some positives. Business is growing. They have adequate cash so a cap raise not needed for a while. Management has a lot of skin in the game and will push this in the right direction. Due to the large promoter holdings and low% in the market, skittish investors possibly create an exaggerated effect on the price. However, any change in profitability and this could jump rather sharply.

I guess longer term investors like me will just have to accept the short term pain.

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100% agreed.

The stock is oversold due to the general market sentiment on e-Commerce.

The fundamentals are looking great and the management continues to deliver. The private label is almost at 250% and still with $40m cash in the bank.

This is definitely time to top up, a great entry level price for the stock.

MYD Price at posting: 62.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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