Most tech stocks have stupidly overvalued market caps on minimal revenues. However I see this company having a promising concept, but it just doesn't seem to be taking off yet. The share price is up to 44c today, and this might be the catalyst for an explosion.
Is it that Australian investors are wary of Chinese companies?
Or is it that people just don't buy the story?
Average sale price is well over AU$50, and they have 30m plus users. Surely big growth is on the cards?
NNW Price at posting:
43.0¢ Sentiment: ST Buy Disclosure: Held