New report out yesterday from Perth broker, DJ Carmichael:...

New report out yesterday from Perth broker, DJ Carmichael: Emerging ASX Technology Sector: Disruptive Technologies and the "New Economy". Makes interesting reading.

Summary on MIG:


Our View

We have a Speculative Buy recommendation on MIG. Due to the early nature of MIG’s commercial model we have not placed a valuation on the business at this point in time. MIG’s peers who operate in other Asian markets generally enjoy much higher valuations. The strong valuation of these comparable business is largely thanks to the healthy revenue that they realise from the sales of virtual goods and games. We are of the opinion that as the MIG business evolves and its revenue profile increases, it will rerate to be more in line with its regional peers.



It would be good to see the report, or at least those segments pertaining to MIG, added to the Migme company website for the benefit of shareholders.

Perhaps someone could look into that.