That’s right folks is this the last time we see Moko in the 20’s. I believe it is.
A re-rating in the stock is a given, precedence being set by the larger players in the space. Compared to its peers on the Nasdaq, Moko is significantly undervalued.
A more sophisticated investor base exists in the U.S hunting for the next early stage IPO in social media and especially mobile advertising (hottest space in tech) REC IT just makes sense to patriotic Americans who love their colleges. Its not going to be a hard sell for brokers / funds. Furthermore they have priced it very fairly. Volume, volume, volume. Lets remember the Top 20 share holders still own over 60% of Moko. The management are also the largest shareholders and are not looking for a exit. Their stock isn’t going anywhere. The $10M raise on the Nasdaq will provide U.S investors some liquidity but how much of that will come out in the first week or month? Majority of investors taking up the IPO or a position in this company will do so with a min 6-12 month outlook. U.S investors will want to accumulate Moko and the demand will be like nothing we have ever seen. The stock will still need to come from the ASX and because it is so tightly held we are likely to see double-digit gains regularly during the accumulation phase. The rest will be history. Excited is an understatement!
MKB Price at posting:
21.0¢ Sentiment: None Disclosure: Unspecified
