The Israeli IPO's all seemed to be 50% overvalued, those...

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07/02/18

19:21

Post #: 30897826
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Originally posted by 1ronnie ↑

Thanks for bringing this opportunity to my attention Ormond. I had a cursory look , not bad $18m McAlpine stock with $8m cash in bank and a niche space in 4G private network space and some revenue to boot. Other than that, I can't readily determine what value of sales look like per deal and how much is recurring - may be like CIO type model. Chart pattern doesn't look so good but that didn't deter me in the past with tech minnows - however because of prior poor experiences, I generally steer clear of Israeli (quite a number of them in recent IPOs) and Chinese founder companies - eg SAS , too long a wait despite highly acclaimed potential.

Also, got to be more cautious with microcaps in the new trading environment - so am going into hibernation mode but continue to monitor stock progress and development especially in the micro cap space.

Hope you didn't get it during IPO , quite a number had not performed well after IPO but sure they get to a point of undervaluation and I would be seeking them.

Good luck and Hope it does well for you!

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The Israeli IPO's all seemed to be 50% overvalued, those Israeli's certainly do know how to strike a deal , and then this one has not followed through on it's talk of a rollout of its tech to A LOT of offshore rigs serviced by it's existing client. I am assuming that hasn't helped things.

MOB Price at posting: 8.4¢ Sentiment: Buy Disclosure: Held
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The Israeli IPO's all seemed to be 50% overvalued, those...

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