CT. Couple of things IMO. VIPS had a inauspicious start as a...

CT. Couple of things IMO.

VIPS had a inauspicious start as a listed company. The shares tanked on listing as the business was small and losing money. Overtime they have overcome the setbacks and grown the business to where it is today. A company generating great returns on shareholders funds and a market cap of over $14B. Its shares are up over 4000% since listing. Its growth has been staggering. Does VIPS start remind you of another business involved in a similar segment of the economy in another market/s? Obviously E88 is at the stage VIPS was only a few years ago - a new business, in E88's case combining fragmented business models over a number of countries onto a single platform with associated infrastructure for distribution etc. Time will tell whether it will pay off.

I don't think the Australian investment community understand this sort of business but maybe the VIPS results yesterday have drawn investors to look at E88 as an opportunity.

Last time I checked the top 20 shareholders dominate the register (per last annual report). Any sustained investor community interest may result in favourable price movements as stock is hard to come by.

Some management decisions this year (incl purchase of Living Social, cap raising, change of CEO, and the prepayment of suppliers) have impacted the share price.

I call this looking at the fundamentals.

Only time will tell and DYOR.

Good luck to all.