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I sold out a few days ago.
At its highest i was up 246% but stupidly watched the price drop from 12p to 7p.
I still made good profit but am glad I now have more cash.
IMV there is too much technical analysis of the merits of this company and not enough of the essentials . I read that profits are not expected until 2024 and the SP is even now seven times more than the annual turnover. There are also many other companies competing in this very technical market and with far bigger pockets than SEE.
I shall keep watching but will not reinvest unless the SP starts rising i or falls dramatically
Total value of all lifetime contracts= 325 mill Aus dollars.
In sterling this equates to £ 176 mill.
Total market cap of company = £440 mill.
How does this work out?
Been eyeing this for some time now, ever since the decline started.
Thought of selling but each time I have done so in the past I have ended up buying back at a higher price, which with the Christmas period coming must be a good time to watch the price rise as people buy their hopefully GAW presents.