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Emerging Stocks Down Under 18 October 2022: Pentanet (ASX:5GG)
Pentanet: It can’t stand on its own two feet without FOMO
When an industry is dominated by a handful of big providers that have little incentive to innovate or deliver for customers, small companies become motivated to take them head on. Pentanet (ASX: 5GG) is one of a handful of such companies in the telco space and IPOs in 2020-21. As one of the later listings, it rose post-listing, but arguably was driven by FOMO (Fear of Missing Out) by investors who hadn’t bought into previous IPO’s or missed out. But with the ‘bull run’ over, is there anything going for Pentanet other than FOMO?
Click here to read the previous edition of Emerging Stocks Down Under published 11 October 2022.