Yes, I remember the tech wreck all too well my self. When we...

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anotheraussie

257 Posts.

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08/08/21

13:01

Post #: 55119522
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Originally posted by JimmyD75: ↑

I understand and share your excitement. I’m in my 40s and have been dabbling with stocks for a bit over 20 years. I started investing just a few weeks before the tech wreck of 2000, and watched my life savings of $18,000 drop about 70% in value.. i’ve never forgotten that lesson... leading up to that crash, tech and mining stocks were trading at pretty crazy multiples like they are now. Thankfully I kept at it and I’ve done a bit better since then, but I too have never been lucky enough to invest in a ten-bagger like Animoca, which could (and should) go much higher again from here. And if it does go up tenfold from here, it’d be lovely, I’ll be able to retire without giving it a second thought... IF I manage to sell at the right time. Putting a value on Animoca right now is very difficult when we don’t have the financials in front of us. An example is that AFR article a few weeks back that said the company’s revenue was $260m and earnings was $60m. Clearly that was false. In short, it could well list at $17-20 in future, but right now, based on $167m estimates for 2021, it ain’t worth anywhere near that. Realistically it could be worth between $4-6 a share if that revenue is hit. If we fall short of that revenue, the price will be less. Having said all this, I agree, there is lots to be excited about, and you’d think that the revenue trajectory is gonna keep going north. It’s not impossible for it to one day list at $20. Let’s keep our fingers crossed!

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Yes, I remember the tech wreck all too well my self. When we eventually list I (we) need to remember to take some profits which when you are an investor (myself) and not a trader, is a very hard thing to do. (for me anyway).

AB1 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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Yes, I remember the tech wreck all too well my self. When we...

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