Its a great deal, nice penetration, complements NNW growth but unfortunately our market doesn't wholly trust the chinese companies listed in ASX. Next year this company will not be listing here in ASX, may be in NASDAQ\Hangseng or even chinese mainland, current market cap is only 100m buying easily another company for 65m, IMO this company is undervalued.
Instead of the founder, if they would have gone to the market, they would have got the capital at 5c or 7c instead of 14c. Is there a retail component available at 10c? GLTA.
NNW Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
