After a few days research I bought in today on close. Very surprised at how much it pulled back during the day but happy with the purchase price. I bought in for a few reasons.
1. Having had significant professional past experience with Telstra and its retail business can say the Spacetalk will do well. Feedback was that parents had wanted a device exactly like this. Telstra will know how to market it well. They will also want to make it a success as it means new connections in a new market space. The watch is affordable and isn’t a full mobile phone and has full parental control. Telstra will sell it proactively. 2. Awareness is spreading amongst parents. In the last few weeks I’ve heard conversations about the Spacetalk watch from 5 or so different parents which prompted my initial investigation. I had no idea it was publicly listed. 3. Opening into the US market. This speaks for itself 4. The market cap (<$20M AUD) is minuscule compared to the size of the market opportunity ($875Million USD by 2025). Even a near non existent global market share will still make SPA worth at least triple its current market cap. https://www.prnewswire.com/in/news-releases/global-kids-smartwatch-market-valued-at-364-3-million-us-in-2018-and-will-reach-873-5-million-us-by-the-end-of-2025-at-a-cagr-of-13-19-between-2019-2025-valuates-reports-814713277.html
SPA Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
