So lets hope they fare better than PEB did after being admitted to the NZX50 club ...
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Over 2m shares traded today (20 March), what's up?
Steady decline .... wonder what is a good entry point?
Was the IPO price $5.70?
Agree with your view on the near term trend. Not sure, whether I would want to hold in this situation, but each to their strategy.
Looking at the company - they had huge cash burn last quarter, and as I heard from a normally reliable source, they significantly reduced the expected (and needed?) recruitment drive to keep the future cash burn somewhat better under control.
From memory - new releases should be out sometimes now ... and I guess we (and more importantly the customers) first need to see when they arrive and how they do before we can expect improved sales.
I still believe that this is a company with potential, but I am not sure whether I expect a significant strengthening of the SP in the first half of this year - and the second half will only be better if the new releases are a hit (what we don't know yet ...).
Discl: wait and watch ...
DA (dollar cost averaging) - buy purchasing over a prolonged period of time you, you reduce both exposure to the downside and upside and can get a foothold or sizable position in tranches rather than just purchasing say 10,000 in the IPO. Just my view on attaining a position.
Share price looking a bit sad again
At 465 getting close to all tie low again
Not much comment here ......suppose price will continue to drift until something exciting happens