And that’s why those PIs who don’t believe that this sp will be well over 10p in the medium term will be left behind without a second chance to invest at these levels.
between now and year end the chances of a good steady sp rise is high, but if there happens to be a big name JV or T/O in the interim then MYSQ sp will certainly boom very quickly. Tencent WAS talking with MYSQ in January and MYSQ RNS'd that they are still talking to potential regional players.
The granting of the banking license will be the key trigger IMO and following this MYSQ's business model is very likely to be producing substantial profit in the coming few years.
For those who say that MYSQ could never get close to MOMO, with a current sp standing at $45/ share and market cap of $9 billion, I would ask why not?
Matis - PI's are excited because the fundamentals of the both industry and MYSQ’s own unique market position are undeniably strong. Yes indeed often the info. presented in MYSQ RNS's keeps PI’s guessing but I for one can see that this very likely to go in the same direction as MOMO - the similarities are striking and just like the question of will crude oil hit $100 per barrel again? – yes it will – and so the chances of MYSQ sp rocketing is very high - its just a matter timing.
Partly agree with you, Jez. Whether it’s Eric or new management, Mysq is heading for the big time like Momo, YY and Baozun, and driven by the same undeniably strong fundamentals.