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Mantra Growth, page-371

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stargate334

1,247 Posts.

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08/10/17

13:05

Post #: 27742869
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Originally posted by Slimjim007 ↑

http://www.copyright link/personal-...s-and-4-other-oversold-stocks-20171004-gyu81j

Mantra Group

Investors could not get enough of the accommodation group when it listed on the ASX in June 2014 through a $239-million initial public offering. Its $1.80 issued shares rallied to $5 in early 2016 before slumping to a low of $2.58 this year.
Opinions are divided on Mantra's fall. Some analysts say the stock ran too far after its float and was overvalued. Others say the threat of accommodation disrupter Airbnb is weighing on Mantra as more travellers rent rooms in private houses rather than stay in hotels.
Fat Prophets CEO Angus Geddes believes Airbnb's threat to Mantra is exaggerated. "I can't see business travellers, tourist groups or young families, in large numbers, bypassing serviced apartments to stay in a stranger's spare bedroom or vacant apartment. Airbnb's effect on Mantra will not be nearly as large as the market expects," he says.
"Strong growth in international tourism in Australia, a tailwind for Mantra, shows no signs of abating. It will more than make up for any loss of market share to Airbnb."

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It's a slow way to the top with mantra

MTR Price at posting: $3.23 Sentiment: Hold Disclosure: Held
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