Saturday Series

When there's no multiple, they're backing you

If you're high-growth, R&D-heavy or an explorer, there is no easy multiple for the market to anchor to. Investors are backing two things instead: a story they can understand, and a team they can see.

Ben Williamson

9 July 2026 · 3 min read

Ben's on leave this week, so you've got me, Kevin Xu. I've been at InvestorHub seven years now and speak to listed companies every day.

Something that comes up in almost every conversation I have with a CEO or CFO is some version of "why isn't the market reflecting where we're actually at?"

A lot of the time it comes back to how understandable your story is in the first place.

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Saturday Series

Stop being such a Jorc!

Most of your investors are not professionals in your field, and if you only speak to the ones who already understand you, you're ignoring 99% of the public. The two answers to closing the gap between where you are and how you're priced: education and trust.

Ben Williamson · 2 July 2026

Saturday Series

Does your share price reflect reality?

Your work today won't turn into reported results for months, so the market often prices where you were, not where you are. A prompt to think about how big that gap is for your company, and how you communicate it.

Ben Williamson · 26 June 2026

Saturday Series

Two IPO's in one week: $75bn and $8m

SpaceX debuted on the Nasdaq up 19% in the largest IPO in history, while $8m Canberra defence tech company Boresight listed up 90% on the ASX. Two ends of the market, same result: the IPO window is looking healthy.

Ben Williamson · 19 June 2026