20-12-2017, 01:05 PM
1,226% Gain Makes This Stock Australia's Top Performer
By Kanika Sood
December 20, 2017, 2:00 AM GMT+8
The technology industry isn’t a heavyweight in Australia, but it has provided investors with a stock that has jumped 1,226 percent this year.
Big Un Ltd., which uses its software to make promotional videos for restaurants, salons and other small businesses at lower costs, is the top performer this year among the almost 700 companies in Australia whose shares fetch at least A$1 (77 cents) apiece. A penny stock until June, Sydney-based Big Un is trading at more than A$3 per share and is worth about A$450 million.
It’s hard to pinpoint what changed Big Un’s fortunes, but it’s been raising sales projections regularly. This month brought another revision, with the company forecasting revenue of at least A$22 million in the three months through Dec. 31, a 10 percent increase from expectations in November.
More details in https://www.bloomberg.com/news/articles/...-performer
By Kanika Sood
December 20, 2017, 2:00 AM GMT+8
The technology industry isn’t a heavyweight in Australia, but it has provided investors with a stock that has jumped 1,226 percent this year.
Big Un Ltd., which uses its software to make promotional videos for restaurants, salons and other small businesses at lower costs, is the top performer this year among the almost 700 companies in Australia whose shares fetch at least A$1 (77 cents) apiece. A penny stock until June, Sydney-based Big Un is trading at more than A$3 per share and is worth about A$450 million.
It’s hard to pinpoint what changed Big Un’s fortunes, but it’s been raising sales projections regularly. This month brought another revision, with the company forecasting revenue of at least A$22 million in the three months through Dec. 31, a 10 percent increase from expectations in November.
More details in https://www.bloomberg.com/news/articles/...-performer
Specuvestor: Asset - Business - Structure.