As Sgt Schultz said ‘I see nothing’ ......but that chart is really spooky eh peat
Hope it’s not setting up a blow off top
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Why sell...can not find good value company any more at NZX...HGH is a keeper
Never buy over value just because everything else is over value. Those that got in early, well done. Plenty are still well under water. The proponents encouraging this will be gone as quickly as they got in. After that there’s a couple of years of doldrums while the board lament their suppressed share prices and do another strategic review to unlock value. Ride the wave, but don’t ride it into the beach, it’s a long time before the next wave.
Disc … gone, gltah, not interested in trading this anymore.
I couldn't agree more King1212.
Mid point of the companies own forecast is $84m which gives 14.398 cps in earnings for FY21. At today's close of $1.63 that's a forward PE of 11.32. This is well below the Australian peer group I follow which current stands at ~ 16. Over the many years I have followed this stock it ranges between 11 - 17.5 and that was when interest rates were much higher.
One of the best value stocks on the NZX in my opinion and a very high conviction hold and also a definite inclusion in my top 5 picks list for 2021.
TA also looks good. Why anyone would sell in a clear uptrend when the fundamental's are also so compelling is beyond my comprehension but good luck to them with finding better opportunities, they'll need it !
Well said Baa Baa
"Ride the wave, but don’t ride it into the beach, it’s a long time before the next wave."
and don't ride it until it closes out or you will end up with a coral tattoo or paralyzed
Nztx says HMY shareprice down to $2.75
Maybe Heartland won’t be booking that much of a gain after all