Having seen and invested in lots of Chinese IPOs, here is what I...

Having seen and invested in lots of Chinese IPOs, here is what I think will happen

Insiders buy this up, there is usually $1m of volume set aside. This should settle around 4.5-5x PE which appears to be the price many of these come on at

On last numbers I put that at $120m ish

Discount the cash by 100% to a big fat zero. I know that's nuts but the market doesn't believe that money will ever come to australia

Same with the assets. Zero value.

End of day price 55-65c, could spike to as high as 75c. Even as high as $1 if the market values cash and assets

In 6 months time earnings will be growing slightly but still growing, and we will scratch our heads wondering why the share price is around 40 cents

In a years' time it will be 20c again with zero liquidity

That said, I truly hope she flies and people come back to these stocks. 1AL, TTC, XPD are 3 undervalued companies.

This looks like a terrific company, should be plenty of buy support today you'd think

Good luck all, could be a winner here

DYOR