New US stock in the sector AFRM fell another ~5% last night, as it continues to make fresh post float lows, not a great read through for today’s local sector which has previously been valued by many by comparison with US names in the sector. Technically its hard to define risk / reward for a new stock on the block but I would remind subscribers that Facebook (FB US) traded back below its issue price before roaring higher, its not always the end of the world.
MM is neutral AFRM
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