roo

Discussion in 'Shares & Funds' started by kum yin lau, 17th Sep, 2018.

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  1. kum yin lau

    kum yin lau Well-Known Member

    Joined:
    24th Jul, 2015
    Posts:
    208
    Location:
    sa
    Hi, I believe someone mentioned ROO (Roots). Does anyone know anything about this company?

    I looked it up and bought a small parcel of shares because my nephew left a secure job and started a company with a friend and they're doing the same business. They had a difficult first year but are now quite stable with increasing stocks to sell.

    It's also recommended by the small cap investigator / newsletter that I subscribed to.

    KY
     
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  2. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    1,461
    Location:
    QLD
    i had a look at this prior to it listing ,

    what didn't suit me , was i expected it to continue to spending on R&D ( and i need income by 2020 )

    this could be ( eventually ) huge or a money pit
     
  3. kum yin lau

    kum yin lau Well-Known Member

    Joined:
    24th Jul, 2015
    Posts:
    208
    Location:
    sa
    Hi there, thanks for your input. That's why I bought only a small parcel of shares. the small cap makes it very easy to manipulate the price. I will monitor it but will not do anything drastic.

    KY
     
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  4. twisted strategies

    twisted strategies Well-Known Member

    Joined:
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    Posts:
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    Location:
    QLD
    might be good for you

    good luck

    ( be ready to trade announcements in the next two years )
     
  5. kum yin lau

    kum yin lau Well-Known Member

    Joined:
    24th Jul, 2015
    Posts:
    208
    Location:
    sa
    Hi, the announcements seem to be coming quite regularly. Today's announcement sent the price up 10%

    ky
     
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