I'm hoping for a spike into the 3.5 to 3.6 cents per share level. 3.6 cents is 12 times more than the current
price. It would also see the market cap still be a lowly $61 million only. I'm Hoping the spikes seen in 2013 and 2015 repeat in 2017 and I feel that 3.6 cents would justify the potential of Ibuynew.
Ibuynew has huge potential. The ability to get the listings has in my opinion been underplayed and undervalued. As I wrote in a previous post, most agents bust their guts to get 1 or 2 or 3 listings a month.
IBN has access to thousands of listings from developers. And they have shown they can sell. Hopefully
they will sell more, but the upshot here is the low price at present, the low market cap at present but even
if it grows to 3.6 cents its a 12 bagger in potential and we would still have a low market cap.
This is for me a huge opportunity on the ASX especially if management can pull the right the right levers and achieve even normal sales. Outperformance on sales by IBN agents could see this skyrocket even further if the punters finally cotton on to the opportunity. This is a clear buy for me.
IBN Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held