@Chair83 and @debono
We are all rooting for the same team!
I reckon this is just a bit of healthy consolidation here. My gut tells me there won’t be that many shares that we come up for sale in this $1.50- $1.65 range before it pushes up again to reach a fair current valuation ( based on current EBIT and not future licensing approvals from the Reserve bank of India)
currently even at 5-6 times EBIT it’s a mkt cap of $125-150m
Or $2.55 to $3.15 per share.
This stock is only just begining to be noticed and that re rate has a fair way to go. It should just stair step on the way to that valuation. Heaps of time to accumulate here for the retail investor if they don’t wait too long ..0In the interim they will just continue to build on the business with an added upside of a potential for large increases in rev. Based on a licence approval for more atms.
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