SP3 - Spectur Limited
<$10M market cap, $2.4M cash, $1.5M stock on hand
Revenue for Q3 was $1.1M, up 40% on Q2
The financial performance and fundamentals on this thing are fantastic, set this become CF+ in January quarter
Recently appointed PAC Partners as lead broker, being paid a monthly retainer via 20c options
It appears a particular broker has just orphaned the stock since IPO and dumping their client base out at every chance, hence why it's trading under IPO now. Absolutely crazy !
This technology is perfectly suited to cannabis and hemp protection. It is the law that once hemp is planted, no unauthorised access can occur otherwise the crop can't get certified. Huge theft issues with recreational cannabis theft also. Even small recreational sites in places like Oregan would need 8-10 cameras alone
Cannabis protection is a very low hanging fruit for them. If they manage to get a foot in the door to provide protection to one of the major names, this will get a hell of rerate
The market is snubbing the financials, and with a broker dumping clients out the SP has been under pressure. However something exciting and left of field like this would really set it off. The beauty is, PAC Partners also have huge cannabis exposure through CAN and AGH floats they did as well as other contacts
So I have a feeling something is brewing
An absolute steal at <$10M market cap and under IPO price, especially with PAC now as lead broker. They could have this at 50-75c just on a few research reports and talk of US Expansion
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 5 November 2018
SP3 - Spectur Limited <$10M market cap, $2.4M cash, $1.5M stock...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XAO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,705.0 |
Change
5.900(0.07%) |
Mkt cap ! n/a |
Open | High | Low |
8,699.1 | 8,727.7 | 8,694.0 |
Featured News
XAO (ASX) Chart |