Galba the problem with tech companies listing on the ASX is they come on too early in the business lifecycle before they've proved up any value, but at the optimal time to pitch a story. Although they may be good ideas, many seem to be as much sharemarket plays backed by brokers and run on a certain level of hype. But then doing real business takes much longer and requires more money than everyone anticipates and they hit the wall of hard business reality.
MKB has been there already and they burnt shareholders cash on promises and the price flew high and then crashed. But my point is that they have come through that process now and have been quietly working away on getting real traction in their business away from the hype and that it seems primed for takeout. That's the potential rerate event.
There's no broker running this anymore, which is what I like. I'm not looking for trading stocks down this end of the market, but undervalued businesses with near term upside. My point was and the reason i'm invested is its a real product with genuine inherent value not recognised by the market, with a possible corporate event in the near term deliver the SP upside.
Happy to see it on your tech list anyway and I can benchmark its performance against the others.
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