That's impossible to know. I know when I first got in to this that I was looking for 3.5 to 4cents a share to exit, but that was before IBN did the buyout of Indo Pacific and the benefits of the cost cutting to expenses circa $700,000 per year minimum savings and it was before IBN gained new exclusive rights to sell some very nice apartment developments, all up IBN now has the rights to sell 6500 apartments across Australia. No matter which real estate agency you walk into in Australia, no one has 6500 listings, only IBN has that
capacity. So whilst I haven't done the sums, this business is a much better business than the one I invested in
the beginning, back then 3.5cents - 4cents, now maybe 5 to 7 cents a share, that's what I am hoping for. The market cap here is still about $13 million at 1 cent a share so for me there is plenty of space for it to run up.
I'm very positive on this and personally I don't understand why people were selling out at 1.0 to 1.2 cents today, this could go much higher if investors cotton on to the potential this company has.
- Forums
- Charts
- IBN Chart
That's impossible to know. I know when I first got in to this...
-
- There are more pages in this discussion • 13 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 TI1 (ASX) to my watchlist
|
|||||
Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.208M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
TI1 (ASX) Chart |
Day chart unavailable