SPT 0.00% 80.0¢ splitit payments ltd

They just IPO'd. I can't imagine a cap raise a couple of months...

  1. 4,916 Posts.
    lightbulb Created with Sketch. 136
    They just IPO'd. I can't imagine a cap raise a couple of months into being listed.

    SPT being pumped because a handful of brokers who got into IPO knew that APT was a hype train.

    I have to wonder how much $$$ these brokers offered to get two articles (SMH + AFR) to publish over the weekend to hit the far-reaching TA chart target of $1.875 today. Perhaps none, it could be a coincidence.

    What's not a coincidence is the ~$8M worth of selling at the top. So much selling that it even gapped down pretty hard on the charts.

    One has to ask the question;
    How is SPT @ $270M market cap with $400k revenues & $4.4m loss.

    If someone's answer starts with: "Well because APT .... " then they're already destined to lose their money.
 
watchlist Created with Sketch. Add SPT (ASX) to my watchlist

Currently unlisted public company.

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