NNW 1.43% 7.1¢ 99 wuxian limited

Ann: 99 Wuxian Initiates Strategic Review, page-16

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  1. 1,412 Posts.
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    http://www.finnewsnetwork.com.au/archives/finance_news_network77532.html

    Good interview with Ross on finance news network.

    Key points to take from this story right now, IMO are:
    -  Cashed up and with the 3B out, safe to presume no surprises in this dept
    -  Seriously exciting sector - MIG up 100% since raising at 20c
    - Rerating very likely with the dual listing on one of the larger indices - should spice up the PE
    - NNW users priced at $20/user whereas FB paid Whatsapp ~$40/user (this IMO is going to be the biggest reason for the rerate when the dual listing commences)
    -Ramped up marketing campaign
    -Organic growth - let's not forget these guys have a pool of 320M users to get through.

    Can't help but think it's cheap, and now with the stock out I'm thinking about going balls deep. Would really appreciate it if someone who is technically astute could provide an analysis and a target entry price.

    Cheers.
    NW
 
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