AXP 0.00% 0.2¢ axp energy limited

I bought as part of the IPO and was sold at "Hello" once I read...

  1. 5,909 Posts.
    lightbulb Created with Sketch. 88
    I bought as part of the IPO and was sold at "Hello" once I read the prospectus. Realistically what woman who could afford to do it wouldn't? Then, I thought the worst when my entire applicationwas given to me (as that usually means there is not enough demand). Yet I knew it was a long term shot before sales came through the door. Given that the De Novo process is only due to be completed by April next year.. I would not expect to see real revenue stream until later that year. However I reckon in 18 months we will know the full potential. I have no exit strategy at this stage in terms of how high it goes... But I would potentially exit if it does not get approval from teh FDA (which I think is less than 0.1%). But if it does do well... realistically who knows what it could be worth? But I honestly believe that a $10 share price is not unrealistic in the next 2 or so years.... but would I bet my house on it... NO! This stock represents about 1.5% of my holdings.

    I am not a heavy trader and just invest on the side... and I prefer to hold medium to long term (I am not sure I have ever held a stock for less than 3 to 6 months).

    If you want to see another great prospect long term.. check out MX1.... was sold on that too and I reckon it is at a good price (57.5c now and floated at 50c last week).
 
watchlist Created with Sketch. Add AXP (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $5.824M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $4.303K 2.151M

Buyers (Bids)

No. Vol. Price($)
27 40085905 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 91807222 63
View Market Depth
Last trade - 10.57am 04/12/2024 (20 minute delay) ?
AXP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.