Those contemplating their investment strategy based on the less than enthusiastic response to the announcement could be correct as always but be careful , its my opinion that the deal hasn't been factored in as much as it should before today . There will be revenue coming in .
It seems so many times a company with no revenue and anticipation can have a higher market cap than one with a near term viable revenue generating capacity . The long draw out on this deal could of made many shareholders stale and skeptical thus placing the company in a position where new blood is needed to enter as shareholders. I doubt much of the broader investment community including Mum and Dad investors have had any strong buy recommendations from brokers or advisers at least three of the newsletters I read havn't mentioned even a paragraph on Odin and I only noticed it in the list of announcements that every news letter shows when I talk to other so called investors out and about hardly anybody has heard of it . Research has constantly observed only about 2% of investors carry out any research on listed companies before investing. The early days can lead to pullbacks through no pent up demand through ignorance
I only entered it based on my interpretation of the fundamentals and who else "seems" to be investing at least who places their name on a hold or buy and their previous history.
Time will tell but it appears to be a little gem
- Forums
- ASX - By Stock
- ODN
- Ann: Share Sale Agreement with gridGomm
Ann: Share Sale Agreement with gridGomm, page-168
-
- There are more pages in this discussion • 256 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ODN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online