SPA 0.00% 1.9¢ spacetalk ltd

MWR - in a clear uptrend, page-8

  1. 13,838 Posts.
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    I like the long term chart as I think it shows what might lie ahead.
    In 2004-2007 there was a nice uptrend with the share price reaching similar prices to today's. Then by 2007 the company had begun to expand into the US. The sp then rallied from around $2 to over $6 in just 6 months on the back of that initial US expansion. That was on the school business model.
    Now we are again in a good uptrend on the back of encouraging early sales of the Spacetalk and now the deal with JB looks very likely to accelerate sales in Australia and potentially NZ. I think Australia alone has the potential to see the sp move to $4 with time and increased sales. However there is certainly the potential to put a rocket under the share price if we see any significant international distribution deals. The chart of what happened in 2007/2008 (before the GFC decimated every stock market worldwide) might give us some indication of what the sp could do on any international distribution deals.

    mwr long term chart.png
 
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