Hey guys if your just got here and wondering if this stock will pump or dump post listing on the ASX.
My assumptions that are, that the stock will pump initially to around $3 per share, current IPO backers wont be
able to sell out until next year. So that's why I assume it will pump in the short term. Could make a little gain but
I personally wouldn't risk it. I don't think this business has any competitive advantage whatsoever, It basically went IPO
because they struggling financially, there packages are no where near what you can get from iiNet or Telstra for that matter.
It could only benefit users that have actual fibre to the home, the people with connections now that are so called "NBN" connected
majority only have accepted their ISP advice on switching to NBN which is to only benefit the ISP not the customer. It only benefits the
customer if they have fibre to the home then again your better off staying with your current ISP as there cost to provide the service is
a lot lower than what ABB can sub contract it out for.
I honestly do not believe their is any real future for this company and really see it fizzling out in like 24 months once their cash has all gone. Wouldn't be surprised if they have many capital raises within the next 12 months. Just my opinion don't buy into the hype you will lose your money. Money is better off invested in listed investment companies such as AFI, BKI and MLT.
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