I won't lie to you, the market sentiment on Transcorp is hard to measure, I sit here in London glued to BENTV seeing Transcorp adverts scrolling the TV; I can't pretend not to be interested in the fanfare surrounding Transcorp IPO.
I remember in June 1999 when Ariba a US quoted stock debuted on the nasdaq amide the same kind of funfare and roadshows, and I also remember what happened to the stock price when the market boom was over!
In stockmarkets there where winners and losers and like in any marketplace there is always money to be made and likewise suckers are born everyday, which are you?
What is Transcorp offering, what are their fundamentals? what's the cashflow like?and when do you intend becoming profitably?, who are the managers? and what markets are they in? and what is their burn rate?
Hopely, my questions will be answered over the coming months or even years, I hope to draw from my own experience in recognising investment opportunities; I will be opening a share account and share my investment trades here for all to see!
So, if you have any recommendation on who to use as a broker. please email me or use the comment box.
03 January 2007
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