MJP - Martin Aircraft Company

[So_Cynical]

The Martin Aircraft Company is the developer of the Martin Jetpack, listing soon after raising 25m @ 50 CPS

http://www.martinjetpack.com/
~

 

[galumay]

A Kiwi mate recently bought shares in the private company, pre listing. He showed me the prospectus but it didnt grab my interest. Will be interesting if the vision actually translates into sales.

 

[skc]

I sent the prospectus to other traders... as a light hearted joke.

Not that I think they are doomed to fail... but what a bizarre concept to lis tsuch a company?!

P.S. Actually I do think the chance of failure is pretty high...

 

[McLovin]

Potential investor going for a ride?



It seems a more fun way to go and get the milk.

 

[skc]

One would hope the performance of the company's product does not follow the share price trajectory today.

 

[piggybank]

Hi skc,

Would you mind telling me which company's software you used in yesterday posting please? It looked pretty impressive!! If you prefer to PM me then no worries.

Regards
PB

 

[skc]

Hi skc,

Would you mind telling me which company's software you used in yesterday posting please? It looked pretty impressive!! If you prefer to PM me then no worries.

Regards
PB

It's Iress IOS Plus.

But it's not nearly as impressive as MJP's performance today. Up almost 100%.

Shades of PYL if you ask me...

 

[galumay]

It's Iress IOS Plus.

Shades of PYL if you ask me...

In that they both intend to get you high?!

 

[Wysiwyg]

Anything elevating the human body above Earth is risk with worst consequence, death. Mum and Dad aren't buying little Johnny one for Christmas. Film industry might need one or two but they have something similar already. A dream becoming an obsession becoming a business with no market. :bad:

 

[WRONG'UN]

They didn't think motor cars would ever cut the mustard either - where's your imagination, guys?

 

[piggybank]

Are the Kiwi's trying to pull a fast one on us or is it just stupid me who can't work out why there was such a large rise in value (share price) in relation to the NTA figures given to the market today?

​

 

[Wysiwyg]

How bizarre. Is that a concerted effort from some large bank rolls or what.

 

[skc]

Are the Kiwi's trying to pull a fast one on us or is it just stupid me who can't work out why there was such a large rise in value (share price) in relation to the NTA figures given to the market today?

It's only been listed for 3 days so the financial reports mean absolutely nothing.

It's amazing run is really coming down to herd mentality. It should be remembered that these guys are not trying to develop the next mode of mass transportation... they are still prototyping some small single-person aircraft that has a niche market in things like search and rescue, military or perhaps entertainment.

But the tag line of "jetpack" is just too simple and awesome for simpletons that dominate a stock like this. Mind you, there are probably just as many people in this knowing that it'd never fly (figuratively speaking) but also knowing (and correctly) that there'd be greater fools to take their stock off their hands.

If there are shorts available on this stock it would be an absolute no brainer. It will most likely become one of those serial capital-raisers on the ASX with a good story. It has a market cap of $300m

 

[So_Cynical]

If there are shorts available on this stock it would be an absolute no brainer. It will most likely become one of those serial capital-raisers on the ASX with a good story. It has a market cap of $300m

Yep, thinking CFU and GDY type of thing, a good story that makes sense and has potential but somehow never delivers.

 

[galumay]

To think there are people out there who still believe in the Efficient Market Hypothesis!

 

[skc]

Yep, thinking CFU and GDY type of thing, a good story that makes sense and has potential but somehow never delivers.

Was thinking CFU as well, seeing the news of its demise. Other names that come to mind are TZL and QFX...

To think there are people out there who still believe in the Efficient Market Hypothesis!

FWIW, looking at it trade this morning, and gauging the commentery on HC... The sort of size and speed of the move didn't quite make sense to be all optimistic retail punters. I don't know but it feels like an orchestrated move.

 

[galumay]

FWIW, looking at it trade this morning, and gauging the commentery on HC... The sort of size and speed of the move didn't quite make sense to be all optimistic retail punters. I don't know but it feels like an orchestrated move.

Yes, your feelings may well be well founded, I sure as hell dont know why any sane person would pay so much for so little - but I guess all markets are full of examples of a complete disconnection between price and value!

On a whole 'nother level, its a great story of kiwi perserverance and creativity, in a fine tradition - Sir Edmund Hilary, John Britten, A J Hackett, Bill Gallagher, Bill Hamilton and Bruce Maclaren all spring to mind. Whether it can translate from a quirly kiwi invention into a commercially viable product remains to be seen, but you cant knock the old 'number 8 wire' mentality of your average kiwi!

 

[skc]

FWIW, looking at it trade this morning, and gauging the commentery on HC... The sort of size and speed of the move didn't quite make sense to be all optimistic retail punters. I don't know but it feels like an orchestrated move.

Well... I was wrong. Over the 2 day madness on 2 and 3 March, Commsec and Etrade were the dominate broker (i.e. most likely retail guys)



From a peak of $3, MJP is now 80c. Will it refuel and fly again?

 

[Fearless Farang]

Martin Aircraft Company (MJP) is progressively morphing into one of the absolute darlings on the Australian Stock Exchange. A reputation so well deserved. Take a look at this twitter site for more details and regular updates:

 

[So_Cynical]

16 cents today - fair price.