Australia's largest stock trading and investment forum Australia's #1 stock forum

SRF

Click for more information

0.00%

0.0¢ surfstitch group limited

dumb money, page-3

First 3 Last

Share
Profile

Follow
KoiPanda

406 Posts.

31/08/16

14:40

Post #: 18826464
Share

Originally posted by BBettancourt ↑

I'm part of the dumb money buying at 11-12.5c. When this stock floated I howled with laughter at how ridiculous the business model was relative to the market capitalisation.
The smart guys pranced around and pontificated about all the positive merits whilst I suffered the scorn.
Anyways I've held off until here because there is now the beginning of the new game ;
- new CEO storms in and writes everything he can off for a massive accounting loss
- Management does slightly better in year 2017 and everything above massive write down is booked as a 'genius profit'
- all sorts of praise is thrown round and management and consultants get lots of cash and shares
- eventual opportunistic takeover bid comes in at 22c
- new owners make it work and make circa $50M
The conclusion - be dumb and buy shares here and watch the circus but at least make a 100% profit.
Its a rort but at least you're in it.
Dummies raise your heads high !

Expand

Lose now, win later aye?

SRF Price at posting: 13.3¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

AXP

Tambourah chases gold veins and mineralisation extension with drilling

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 72 more messages in this thread...

First 3 Last

Add SRF (ASX) to my watchlist

SPONSORED BY