HI Mario.
Wall St has its wolves and SPAC's it seems we have a few dingos doing a good job of selling the unlikely dream in the land down under.
GYG:
Interesting to see the valuation that was achieved on a company that's loosing money and is growing its footprint in a very competitive market with no real barriers to entry that is forecast to grow at half the rate that the 2w EV market is forecast to grow at.
Not surprising to see the promotors pulling $200m out in the IPO and selling $100m worth on the first days trading
Sector CAGR Fast Food 6.05% 2wEV 11.1%
2022 Actual GYG NPAT $3.9m VMT NPAT $10.27m
2023 Actual GYG NPAT $(2.3)m VMT NPAT $ 7.25m
2024 Forecast. GYG NPAT $(16.2)m VMT NPAT $(3.6)m
Market Cap GYG $2,919m VMT $136m
Can you believe it?
The Wags with the gift of the ** unbelievable as it may seem.
