So I think we can all agree the Megaport IPO was a steller, and for those who bought on open or are still holding or are watching this stock run its a nice surprise.
I am more than confident this stock has the legs to test $3, I'm interested in views on HC if people see there is more upside or if people think it might run out of steam.
Personally I feel without an announcement of some sort the stock will struggle to find support for anything north of $3.00, but that is just a view based on my view of the stock, given its float price, relatively new operations etc.
In the medium term circa 1-2 years I think the opportunity in this niche rapid telco deployment space there is great opportunity for this provider to secure some big contracts. However, my longer view is that it is susceptible to established telco's competing by offering similar sorts of services as they move to compete with modern bandwidth requirements and changes to their business model / types of services offered.
Thoughts?
MP1 Price at posting:
$2.79 Sentiment: Hold Disclosure: Held
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