@PLAZA Thanks for your message and tagging me to respond to calm down the negative sentiments.
However despite the weak listing, I believe that Spectrum is a good long-term investment. The company has a strong management team and a growing business. I believe that the stock will eventually recover from its current weakness and reach its true value.
Here are some of the company's strengths:
* Strong management team with a proven track record.
* Growing business with a strong market position.
* Expansion plans into new markets.
* Potential for future growth through acquisitions.
I also would like to highlight with my limited knowledge gathered from a reliable source.
They have 3 business verticals
* First: Low end smart mobile phone export (high revenue but less margin), which will continue for some time until other vertical businesses are growing. (mobile export business... spectrum has advantage that others do not have is Government GST submission write off which they have for other 2 verticals.)
* Second: Permanent staff - one time supply (managers, engineers...etc) - good margin
* Third: Spectrum staff pay roll supply - to companies and government agencies for short term and long-term - low margin but huge quantities.
Important point: why this huge ipo? why money is needed for business light model. the answer is in the third vertical. Spectrum need a huge credit line to win much bigger contract (can possibly compete with its peers from now), which they could not able to do in the past to win a big man power contract to big companies. This IPO money will be used to grow much higher rate in next few years and very bright future for the company as they have build on the brand. Hence, the company could able to dictate higher PE in the near future.
Expecting the results hopefully next week, which will be better (as we have seen recent listings Crayons, Krishca, Nirman , Exhicon...etc all run higher after last results) in my expectation.
I am holding my 35 lots and going to add more with long term prospective. Personally, with this unforeseen fall, the stock looks more attractive and will add more tomorrow or Monday.
Disclosure: Biased unintentionally. I have long term holding capacity with high risk appetite.
I wish and pray for all spectrum investors to get good profit in near future. All the best.
Thanks