SP1 0.00% $1.07 southern cross payments ltd

Well said tradealot!Now the IPO timing is critical here. The...

  1. 104 Posts.
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    Well said tradealot!

    Now the IPO timing is critical here.

    The latest round of earnings reports and forward guidance from the FAANG tech sector has generated acceleration to the downside - a secular bear market - with months to go because qtr 4 is likely to be worse.

    With the above environment, what is important now is to consolidate, grow conservatively, build cash reserves, manage opex and capex costs, test strategy against several post bear market scenario's and be patient. Unless the FED make an emphatic statement and take material dovish action, then market sentiment is being driven by headlines and hope.

    The board is wise not to listen to the token bed wetting crowd who think we should list at any cost. Check out the price action of META and AMAZON, two of the biggest global corps.... if the market don't think they are compelling, despite their market advantage, then its highly unlikely any growth company is going to be compelling in this environment.

    Well done to JK and the Board, and those holders who continue to hold a candle against the peddlers of doom.


 
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