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Megaport’s valuation does look frothy. The market cap is more than $2 billion, yet over H1 FY 2021 it more than doubled its net loss to $38.4 million on revenue of just $36 million. This is attracted the shorters; a significant 8.1 per cent of Megaport’s shares, worth about $166 million, are still short sold.Bevan Slattery took to corporate soapbox LinkedIn earlier this month to taunt a trader betting on share price falls for Slattery’s latest sharemarket venture, Megaport. Slattery reckons the trader short sold 11 million shares only to watch the price rise. He also stated that over a single day recently, he fielded and rejected four calls from investment bankers and brokers asking if he might consider selling some shares, presumably, to help his short-selling enemies cover their positions.
Megaport’s valuation does look frothy. The market cap is more than $2 billion, yet over H1 FY 2021 it more than doubled its net loss to $38.4 million on revenue of just $36 million. This is attracted the shorters; a significant 8.1 per cent of Megaport’s shares, worth about $166 million, are still short sold.
Bevan Slattery took to corporate soapbox LinkedIn earlier this month to taunt a trader betting on share price falls for Slattery’s latest sharemarket venture, Megaport. Slattery reckons the trader short sold 11 million shares only to watch the price rise. He also stated that over a single day recently, he fielded and rejected four calls from investment bankers and brokers asking if he might consider selling some shares, presumably, to help his short-selling enemies cover their positions.
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