Yeah you need to be in CAR and REA if one dislikes these types of shennanigans in the small end of town.
They are juniors not $5b companies. With tech stocks you have to accept it as part of the parcel of the investment package.
Unfortunately when things go well tech stocks are rewarded beyond anyones imagination when there are downgrades they also get sold off beyond anyone's imagination.
No signs of it going broke but needs cashflow - hopefully we get a trading update next month to get a glimpse of its revenue profile. I value the business at $400m - the product is a CGU that is generating cash it's just that expenses to run quality AI is very expensive and needs to be de risked on the product front otherwise product will cease to be a CGU with heavy writedowns to follow.
Yeah you need to be in CAR and REA if one dislikes these types...
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11.0¢ |
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Mkt cap ! $78.82M | |||
| Open | High | Low | Value | Volume |
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