AND 0.40% $2.46 ansarada group limited

IPO - thedocyard Limited, page-4

  1. 2,651 Posts.
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    Pass for me. Having now looked at the Prospectus it confirms my suspicions (see my comments in the IPO forum) ....sub-scale (~$500k rev in FY19 up from ~$250k in FY18 - ok it has reasonable growth but its off a v low base), I'm not convinced on the product, Board looks lightweight and valuation is absurd....sounds like a recipe for disaster to me but it wouldn't be the first (or last time) i'm wrong!
 
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