Fantastic buying opportunity IMHO, the raise whilst taken as a negative in the Australian market is actually a huge positive which will allow them to push forward their marketing campaigns with their partners.
Checkout this: http://www.forbes.com/sites/russell...-profit-mobile-business-soaring-ahead-of-ipo/ Mobile is booming in China, and 99 should have no problems converting more of the 300m+ Mobile Banking customers to register on their platform. Everything seems to be increasing and the next 6months should be huge for this company.. Market cap of around ~500m appears tiny in comparison to it's potential.
However one thing I'm not familiar with is what happens to our holdings if we did transfer to the NASDAQ or HKEX for example. Would we automatically get shares? Have to sell at a new IPO price? Or would they do a dual listing. If anyone can shed some light that would be great.
NNW Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
