Well if buyers wanted in then I think today is a good day as it is down almost 10%. I added a bit at about -5%. So will try and top that off and get to 25,000 shares
I would say being a one and done and given the rapid increase in price the current contract (10% portion) is priced in the stock price. The remaining is not.
There is history of contract not materializing and that could be why the remaining piece is not priced in. So it does provide opportunity if conviction is high that the other 90% will be funded and they get the contract. The funding is key to me as I do believe they will receive the contract if/when funding is approved.
I don’t own much and own it on the US exchange. Only 11,500 shares. Up 56% currently.
Thanks for the thoughts. I agree that the 10% is at least partially priced in, though I still find the business cheap overall (ignoring the other 90%).
I also agree that Intermap has been burned before by contracts not coming through (e.g., Congo). Thankfully, this situation is a bit different. They have actually started the project, which never happened in the prior example. Still, there is always a risk it doesn't get funded. We'll find out either way within around a month.
Congrats on the return. I hope it only increases for both of us.
Well if buyers wanted in then I think today is a good day as it is down almost 10%. I added a bit at about -5%. So will try and top that off and get to 25,000 shares
I would say being a one and done and given the rapid increase in price the current contract (10% portion) is priced in the stock price. The remaining is not.
There is history of contract not materializing and that could be why the remaining piece is not priced in. So it does provide opportunity if conviction is high that the other 90% will be funded and they get the contract. The funding is key to me as I do believe they will receive the contract if/when funding is approved.
I don’t own much and own it on the US exchange. Only 11,500 shares. Up 56% currently.
Thanks for the thoughts. I agree that the 10% is at least partially priced in, though I still find the business cheap overall (ignoring the other 90%).
I also agree that Intermap has been burned before by contracts not coming through (e.g., Congo). Thankfully, this situation is a bit different. They have actually started the project, which never happened in the prior example. Still, there is always a risk it doesn't get funded. We'll find out either way within around a month.
Congrats on the return. I hope it only increases for both of us.