ICQ 0.00% 29.5¢ icar asia limited

Ben, sorry but I just can't stand it when people throw around...

  1. 396 Posts.
    Ben, sorry but I just can't stand it when people throw around predictions of $2 by the end of the day or by the following week, without any justification. At $2 the market cap is getting up towards $400m and when a profit is still years away, it would be ludicrous for anyone to pay close to $2. Although, there are lots of dummies in the market who may just pay that price, but it does not have the fundamentals to be at that level anytime soon. I'm surprised it is sitting where it is now and I guess people are happy paying a huge premium on the basis of where it will hopefully be in 3 years time.

    I luckily bought my initial batch at 20c and haven't sold a share. I'm a big believer in the company long term and never plan to sell (unless something of major concern occurs). Unfortunately I can't add anymore to my holding now that the price has rocketed well past its true value in my view when the company is still burning close to $3m a quarter. Not that I am complaining... Don't get me wrong. I feel it will be a fantastic company in time but lets not start throwing around such inflated numbers.
 
watchlist Created with Sketch. Add ICQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.