IMO SYT can only be a bargain at this SP.
Based an a SP of 1.4c then the market cap is 24m. Subtract the cash and the notional value of Jayride then the software suite and applications, contracts and partnerships in place the market suggests are worth less than 18m AUD.
On what planet could the value subscribed by the market be correct?
Only on a planet where communications are conducted telepathically! On the real world the payment gateway alone should be worth this type of money. The value of the contracts in place on a forward NPV are worth at least three times the current SP.
IMO the market is an ass and buyers would seem to be getting a bargain.
Of course if you don't believe anything the company says then the shares are over priced at any value and me thinks that too many who really have no idea of this space believe this to be the case.
More fool they and more power to the accumulators who must eventually be rewarded in the absence of a BIG event.
Just IMO.
IMO SYT can only be a bargain at this SP. Based an a SP of 1.4c...
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