Just way too much upside to remain at the market cap it is. I think from a psychological point of view, the high share price may distort some people's view of its market cap. It is quite unbelievable that they have a product that already has strong brand awareness after only 12 months. Kudos to the CEO for getting on the front foot and going on many media strong mediums whether that be 3AW, Today Show, Channel 7, Sky News, News Ltd papers to get the message out there.
Sales are not meant to be the most important issue especially early on but to land one of our biggest electronics retailer in Australia and have attracted many thousands to its site has set a strong platform for growth. Also it seems customer experience has been exemplary. There has barely a negative comment on any of the social media sites regarding the watch.
A very exciting future lies ahead.
Cheers
MWR - in a clear uptrend, page-82
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Last
2.2¢ |
Change
-0.002(8.33%) |
Mkt cap ! $13.66M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.2¢ | $31.45K | 1.429M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 595002 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 525300 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| SPA (ASX) Chart |