Any research recently by Forsyth Barr or anyone one else that anyone can share a summary of? Thanks in advance; am holding.
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Any research recently by Forsyth Barr or anyone one else that anyone can share a summary of? Thanks in advance; am holding.
1 giant trade this morning..... i hope there is good news coming
Would it be an "on-sale" of shares resulting from the result acquisition?
Just a thought.
If I take their underlying earnings figure at face value and do a weighted EPS on that I can get $0.209 which would be on target.
But I must admit that I am 'a little disappointed' with this result at first glance (and with it being reporting season I am mainly doing first glances).
Will properly ponder over the accounts later
Best Wishes
Paper Tiger
why such the hit in share price?
I actually bought a few [more] CBL today and I am already three dollars something in profit on them!
This was after doing a revised valuation and coming up with a current value north of the share price, it came out, by coincidence, at three dollars something, but foolish me managed to delete the calculations instead of saving them.
More precisely I can remember that my one year forward value was three dollars thirty something.
Perhaps the most noticeable item in the results is the 'Foreign exchange translation adjustment' in the profit and loss which this year was a $9M8 loss and last year was a $3M9 profit (both pre-tax).
It would seem that we can expect potentially wild swings year on year purely as a result of currency movements.
Best Wishes
Paper Tiger