Merchant unfortunately you do not determine what deserves to fly?!?
Besides its hardly flying when there market cap is only 9M for a company that generates 20M in annual sales!!! Did you see the last quarterly a few days ago???WOW!!!
From what i understand Moko has spent 15M building their micro billing platform/establish relationships with telcos globally and owns almost 2M in infrastructure.
Why doesn't it deserve to have a market cap of 20M! Even if its trading at 10% NPAT with 20M in sales. It clears 2M p.a. On a P/E of 10 it should be 20M market cap atleast. Being listed on the ASX means its going to be trading at a significant discount but one thing is certain the market cannot ignore earnings....this share-price has a long way to go.
After following this coy for a number of years i understand that its very tightly held and if anyone wants a piece of the pie they are going to have to pay. Its only going to take 1 serious buyer and it will be at 9 cents!!!
You cant ignore their staggering growth in Revenue since 2010. This company is in good hands, their ceo is an absolute gun!!!
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