$2.00 is a sentimental barrier in this stock... had some support...

$2.00 is a sentimental barrier in this stock... had some support buying at that level not that long ago (which is when I started buying - maybe more sentimental for me), and anyone buying then will now be seeing their investment back at break even, and they might be happy to sell. There was however much more buying at $1.80 then saw a dip to as low as circa $1.50 who are now sitting pretty with upside to come if they held their nerve, well done buyers. I predict we will see IPO price soon and that is ultimately the biggest barrier as IPO'ers happy to see their money back at $2.20.

Short term I expect to see an updated note from Ord Minnett which should be a catalyst, and the broker will be taken seriously given his views on Lark which ended up being conservative....

will be interesting to see what their comment is on the NSV increase for TSi, they rerated Lark on the back of the same and it flew straight through their updated price target. Wouldn't surprise if the note is as simple as highlighting that strategy is on track, met prospectus, delivering what was promised, and a by the way, there are generating stronger margins than anticipated (as has Lark, which has delivered another updated research note with upside surprise and a price target increase for Lark). I wouldn't be surprised if ther is an update to price target in the order of the increase in NSV for TSI (which was 23%) So up to Circa $3.60...

I just reread the April note from Ords again, they had assumed 3.5x EV/Sales multiple, so confirms thinking above is on track.