The risks are real
4Sight Holdings is listing on the AltX board of the JSE in late October, raising up to R300m via a private placement. The company's statement is full of buzzwords, describing its only business, recently acquired, as being “a core focus on providing decision support technology solutions that enable, inter alia, intelligent pricing and decisions across various industries”. In short, the company will mine big data for customers and will acquire other similar businesses operating in this space. The prospectus has great-looking growth projections (2018 revenue more than double 2017 revenue), but I remain very sceptical. Certainly the risks here are very real. The field of big data is globally competitive and I would want some strong sets of results published before I would get involved here. Investors deciding to jump in must expect an incredibly bumpy ride that may be very profitable, but that could also go very wrong.